Opinion ID: 1990251
Heading Depth: 3
Heading Rank: 3

Heading: The 1998 Budget Bill

Text: Sometime in 1996 to 1998, the Revenue Cabinet realized that GTE 's interpretation of KRS 141.120 was creating substantial tax refund liabilities for the state for the years prior to 1995. The General Assembly was not apprised of, or at least was not able to address, these problems until late in the 1998 Regular Session, when it was well into the budgeting process. Because legislative sessions were only held every other year then, the first chance to deal with the problem with direct legislation would come two years later. To at least temporarily patch the problem, the General Assembly inserted a provision in the 1998 Budget Bill barring the state treasury from paying out any refunds sought pursuant to the theory announced in GTE . The Budget Bill would only be in effect for two years, meaning the problem would have to be addressed fully in 2000.