Misplaced Pages

#192807

44-585: The first constitutional convention of Kentucky was called by Colonel Benjamin Logan on December 27, 1784, in Danville , the seat of Lincoln County, Virginia . Over the next eight years, ten constitutional conventions were called, each making some progress toward a viable constitution. The state's first constitution was accepted by the United States Congress on June 1, 1792, making Kentucky

88-464: A broadcast calendar as the basis for their fiscal year. Fiscal years' names are often shortened based on the year in which they end ; for example, "fiscal year 2023-2024" and "FY24" are synonymous. The fiscal year for individuals and entities to report and pay income taxes is often known as the taxpayer's tax year or taxable year. Taxpayers in many jurisdictions may choose their tax year. Some federal countries, such as Canada and Switzerland, require

132-405: A sinking fund for the liquidation of the state's debt, which had climbed to $ 4.5 million. To prevent the debt from climbing too high in the future, the 1850 Constitution mandated a maximum of $ 500,000 of indebtedness for the state. At the time, this represented about a year's worth of revenue for the state, but this provision remains in the current Kentucky Constitution, even though receipts in

176-443: A January–December financial year, becoming the first Indian state to do so. But later it dropped the idea due to Many financial & accounting error. In Indonesia , since 2001, the fiscal year is the calendar year, 1 January to 31 December. Until 2000, the fiscal year ran from 1 April to 31 March; fiscal year 2000 ran from 1 April to 31 December. In Iran , the fiscal year usually starts on 21st or 22 March (1st of Farvardin in

220-479: A convention, a measure that failed every two years from 1873 to 1885, finally receiving the necessary majority in 1888 and 1889 after the General Assembly called for a registration of all eligible voters in 1887. The convention began September 8, 1890. For the first time, ratification of the constitution required a referendum of the citizens. At the same time, the 1891 Constitution did little to ameliorate

264-490: A fiscal year basis, but others are charged on an anniversary basis. Some companies, such as Cisco Systems , end their fiscal year on the same day of the week each year: the day that is closest to a particular date (for example, the Friday closest to 31 December). Under such a system, some fiscal years have 52 weeks and others 53 weeks. The calendar year is used as the fiscal year by about 65% of publicly traded companies in

308-400: A method of amendment, and the 1799 Constitution made it even more difficult to call a constitutional convention . The 1799 Constitution was regressive for blacks as well. It retained the pro-slavery provisions of the original constitution untouched, but went a step further by disenfranchising free blacks, mixed-race persons and Indians. By 1828, some in the General Assembly began calling for

352-573: A new constitutional convention. However, because the 1799 Constitution made the calling of a convention such an arduous task, it took more than twenty years to call the convention, which finally convened in Frankfort on October 1, 1849. One major item of dissatisfaction with the 1799 Constitution was the appointment of so many officials by the governor. This was addressed in the 1850 Constitution by making all state officials, even judges, popularly elected and imposing term limits on these offices. While

396-490: A single ticket. Prior to the amendments, the two offices were sometimes inhabited by members of different parties. See also Lieutenant Governor of Kentucky In 1996, Sections 180 and 187 of Kentucky's Constitution were amended to remove language that allowed local governments to levy a poll tax on each person residing within the county or the city, and to remove language requiring that separate schools for "white" and "colored" children be maintained. In 2004, Kentucky became

440-400: A year ending 30 June on the following dates: Victoria changed in 1870, South Australia in 1874, Queensland in 1875, Western Australia in 1892, New South Wales in 1895 and Tasmania in 1904. The Commonwealth adopted the near-ubiquitous financial year standard since its inception in 1901. The reason given for the change was for convenience, as Parliament typically sits during May and June, while it

484-592: The Solar Hejri calendar ) and concludes on next year's 20th or 21 March (29th or 30th of Esfand in the Solar Hijri calendar ). In Ireland , the fiscal year is the calendar year, 1 January to 31 December. Until 2001, it was the year ending 5 April, as in the United Kingdom, but was changed with the introduction of the euro . The 2001 tax year was nine months, from April to December. In Israel ,

SECTION 10

#1732773390193

528-402: The 1792 Constitution. One was the stipulation that the General Assembly vote by ballot instead of voice. There was also a requirement that representation to the General Assembly be based on population, not geography. The 1792 Constitution was seen as an experiment, and it called for a re-evaluation of the document at the end of the century. A second constitutional convention was called for by

572-612: The 1890s. Ratification of the Thirteenth , Fourteenth , and Fifteenth Amendments to the U.S. Constitution following the Civil War provided the impetus for another constitutional convention, since much of the existing constitution provided protection for slave property and was now at odds with the Federal Constitution. However, this required a majority of the voters in the previous two elections to vote in favor of

616-404: The 1891 Constitution limited state officials' salaries to $ 5,000. A 1949 Amendment raised this number to $ 12,000, but difficulty of keeping the number up-to-date quickly became apparent. The 1962 Kentucky Supreme Court case Matthews v. Allen addressed this problem by opining that the only way to keep circuit judge 's salaries adequate, as required by Section 133 of the constitution, was to allow

660-439: The 1992 amendment, the incumbent can seek one additional term before becoming ineligible for four years. The amendment was drafted so that it did not apply to the then-current holder of the office ( Brereton Jones ), which meant that the first Governor to which the amendment applied was elected in 1995 ( Paul Patton ). The 1992 amendments to Kentucky's Constitution significantly changed the office of Lieutenant Governor. Previously,

704-444: The 2001-02 fiscal year were approximately $ 6.5 billion. Another dated provision of the 1850 Constitution that survives in the present Constitution is the ineligibility for public office of anyone who had participated in a duel since the ratification of the 1850 Constitution. While the relevance of this prohibition may be disputed now, it could potentially have derailed Governor William Goebel 's eligibility for public office in

748-699: The General Assembly to adjust the $ 12,000 figure in Section 246 to account for the value of a dollar in 1949. Despite some provisions that some claim are antiquated, the 1891 Constitution (as amended) remains the constitution that governs the Commonwealth today. Several amendments to the Kentucky Constitution were enacted in 1992. One important amendment lifted the restriction that the Governor could not succeed himself or herself in office. Per

792-512: The General Assembly. The bulk of the reforms in the 1850 Constitution, however, were reserved for the General Assembly, whose spending had spiraled out of control. Membership in the Senate was fixed at 38; in the House the number was fixed at 100. Sessions of the General Assembly were limited to sixty days biennially, requiring a two-thirds majority to extend them. The 1850 Constitution also created

836-412: The Kentucky Constitution had always provided for protection of slave property, pro-slavery forces sought and received even greater protections in the 1850 Constitution. Among the new provisions were a requirement that slaves and their offspring remain in the state, and that ministers of religion – thought to be largely anti-slavery – were prohibited from holding the office of governor or seats in

880-539: The Lieutenant Governor became acting Governor whenever the Governor was out of state. Since the amendments took effect, the Lieutenant Governor only takes over gubernatorial powers when the Governor is incapacitated. The amendments also removed the Lieutenant Governor's duties in the Senate — previously, the Lieutenant Governor had cast the tie breaking vote in the Senate. Finally, the amendments allow candidates for Governor and Lieutenant Governor to run on

924-793: The Persian or Solar Hijri calendar used in Afghanistan at the time. Following transfer of power to the Taliban administration in September 2021, Afghanistan abandoned the Solar Hijri calendar in favour of the Lunar Hijri calendar . The fiscal cycle was restarted with effect from 1   Muharram 1444 AH (30   July 2022) In Australia , a fiscal year is commonly called a "financial year" (FY) and starts on 1 July and ends on

SECTION 20

#1732773390193

968-859: The U.S. Supreme Court ruled in Obergefell v. Hodges that the fundamental right to marry is guaranteed to same-sex couples by both the Due Process Clause and the Equal Protection Clause of the Fourteenth Amendment to the United States Constitution . Constitutional convention (political meeting) Too Many Requests If you report this error to the Wikimedia System Administrators, please include

1012-629: The UK calendar despite being listed in India. Companies following Indian fiscal year get to know their economic health on 31 March of every Indian financial or fiscal year. The current fiscal year was adopted by the colonial British government in 1867 to align India's financial year with that of the British Empire. Prior to 1867, India followed a fiscal year that ran from 1 May to 30 April. On 4 May 2017, Madhya Pradesh announced that it would move to

1056-481: The United States and for most large corporations in the United Kingdom. That is the case in many countries around the world with a few exceptions such as Australia, New Zealand, and Japan. Many universities have a fiscal year which ends during the summer to align the fiscal year with the academic year (and, in some cases involving public universities, with the state government's fiscal year) and also because

1100-429: The calendar year. Significant exceptions include: Many jurisdictions require that the tax year conform to the taxpayer's fiscal year for financial reporting. The United States is a notable exception: taxpayers may choose any tax year, but must keep books and records for such year. In some jurisdictions, particularly those that permit tax consolidation , companies that are part of a group of businesses must use nearly

1144-594: The details below. Request from 172.68.168.133 via cp1102 cp1102, Varnish XID 549835829 Upstream caches: cp1102 int Error: 429, Too Many Requests at Thu, 28 Nov 2024 05:56:30 GMT Fiscal year A fiscal year (also known as a financial year , or sometimes budget year ) is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations. Laws in many jurisdictions require company financial reports to be prepared and published on an annual basis but generally with

1188-438: The difficult process of calling a constitutional convention. This resulted in failed calls for subsequent constitutional conventions in 1931, 1947, 1960, and 1977. The 1891 Convention did, for the first time, provide a means of amending itself that has been used by the General Assembly to keep a century-old document somewhat current. Judicial decisions have also helped to adapt the current constitution to modern times. For example,

1232-408: The end of a week (e.g., 52 or 53 weeks in length, and therefore is not exactly one calendar year in length), or opt for its financial year to end on a date that matches the reporting cycle of its foreign parent. All entities within the one group must use the same financial year. For government accounting and budget purposes, pre- Federation colonies changed the financial year from the calendar year to

1276-638: The fifteenth state . The 1792 Constitution had several similarities to the United States Constitution in that it provided for three branches of government – legislative, executive, and judicial – and a bicameral legislature called the General Assembly . The document contained a bill of rights , and called for an electoral college to elect senators and the state's governor. (Representatives were chosen by popular election.) Some relatively new ideas were included in

1320-556: The fiscal year is 1 July to 30 June. In France , the fiscal year is the calendar year, 1 January to 31 December, and has been since at least 1911. In Germany, the fiscal year runs from 1 January until 31 December. In Greece , the fiscal year is the calendar year, 1 January to 31 December. In Hong Kong , the government's financial year runs from 1 April to 31 March. However, a company incorporated in Hong Kong can determine its own financial year-end, which may be different from

1364-485: The fiscal year is the calendar year, 1 January to 31 December. In Italy , the fiscal year is the calendar year, 1 January to 31 December. It was changed in 1965, before which it was 1 July to 30 June. In Japan , the government's financial year is from 1 April to 31 March. Japan's income tax year is 1 January to 31 December, but corporate tax is charged according to the corporation's own annual period; most Japanese corporations elect their annual period to follow

Constitution of Kentucky - Misplaced Pages Continue

1408-407: The fiscal year is the calendar year, 1 January to 31 December. In Bulgaria , the fiscal year is the calendar year, 1 January to 31 December, both for personal income tax and for corporate taxes. In Canada , the government's financial year is 1 April to 31 March. (Q1 1 April – 30 June, Q2 1 July – 30 Sept, Q3 1 Oct – 31 Dec and Q4 1 Jan – 31 Mar) For individual taxpayers,

1452-434: The fiscal year is the calendar year, 1 January to 31 December. In China , the fiscal year for all entities is the calendar year, 1 January to 31 December, and applies to the tax year, statutory year, and planning year. In Colombia , the fiscal year is the calendar year, 1 January to 31 December. In Costa Rica , the fiscal year is the calendar year. January to December. As of 2019 when the tax laws changed. In Egypt ,

1496-602: The fourth state to send a constitutional amendment banning same-sex unions to the state's voters. On Election Day of that year, Kentucky joined 10 other states in passing such an amendment, with voters passing it by a 3-to-1 margin. The text of the amendment reads: Only a marriage between one man and one woman shall be valid or recognized as a marriage in Kentucky. A legal status identical or substantially similar to that of marriage for unmarried individuals shall not be valid or recognized. This provision became void in 2015 when

1540-427: The government fiscal year (1 April to 31 March). In Lithuania , the fiscal year is the calendar year, 1 January to 31 December. In Macau , the government's financial year is 1 January to 31 December. In Malaysia , the tax year for individuals is the calendar year, from 1 January to 31 December. The Companies Act 2016 does not state when the fiscal year must start for companies, so businesses are free to choose

1584-583: The government fiscal year. In India , the government's financial year runs from 1 April to 31 March the following year. The financial year from 1 April 2024 to 31 March 2025 would generally be abbreviated as FY 2024-25 or( FY24-25) ( FY2024/25),(FY2024/2025),(FY24/25), but it may also be called FY 2025 or FY25 on the basis of the ending year. Companies following the Indian Depositary Receipt (IDR) are given freedom to choose their financial year. For example, Standard Chartered's IDR follows

1628-440: The governor's power, the 1799 Constitution also placed term limits on the governor, stipulating that a governor could not succeed himself in office for a period of seven years. Membership in both houses of the General Assembly was also limited. In some ways, the 1799 Constitution was a regression. The progressive idea of voting by ballot in the General Assembly was removed. Neither of the first two Kentucky constitutions provided

1672-402: The next 30 June. Financial years are designated by the calendar year of the second half of the period. For example, financial year 2025 is the 12-month period ending on 30 June 2025 and can be referred to as FY2024/25. It is used for official purposes, by individual taxpayers and by the overwhelming majority of business enterprises. Business enterprises may opt to use a financial year that ends at

1716-434: The provincial or cantonal tax year to align with the federal year. In the United States, most states retained a 30 June fiscal year-end date when the federal government switched to 30 September in 1976. Nearly all jurisdictions require that the tax year be 12 months or 52/53 weeks. However, short years are permitted as the first year or when changing tax years. Most countries require all individuals to pay income tax based on

1760-460: The reporting period not aligning with the calendar year (1 January to 31 December). Taxation laws generally require accounting records to be maintained and taxes calculated on an annual basis, which usually corresponds to the fiscal year used for government purposes. The calculation of tax on an annual basis is especially relevant for direct taxes , such as income tax. Many annual government fees—such as council tax and license fees, are also levied on

1804-468: The same fiscal year (differences of up to three months are permitted in some jurisdictions, such as the US and Japan), with consolidating entries to adjust for transactions between units with different fiscal years, so the same resources will not be counted more than once or not at all. In Afghanistan , from 2011 to 2021, the fiscal year began on 1   Hamal (20th or 21 March). The fiscal year aligned with

Constitution of Kentucky - Misplaced Pages Continue

1848-625: The university is normally less busy during the summer months. In the Northern Hemisphere , that is July to the next June. In the Southern Hemisphere , that is the calendar year, January to December. In a similar fashion, many nonprofit performing arts organizations will have a fiscal year which ends during the summer, so that their performance season that begins in the fall and ends in the spring will be within one fiscal year. Some media/communication-based organizations use

1892-401: The voters of Kentucky in 1799. The 1799 Constitution abolished the electoral college, allowing senators, representatives, the governor, and the newly created office of lieutenant governor to be directly elected . In addition to appointing judges, the governor was given the power to appoint a number of local offices including sheriffs , coroners , and justices of the peace . While expanding

1936-456: Was difficult for it to meet in November and December to pass a budget. The Financial year is split into four quarters which cover the following periods: In Austria , the fiscal year is the calendar year, 1 January to 31 December. In Bangladesh , the fiscal year is 1 July to the next 30 June. In Belarus , the fiscal year is the calendar year, 1 January to 31 December. In Brazil ,

#192807