KY HB123 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Republican 10-0)
Status: Introduced on January 3 2024 - 25% progression
Action: 2024-02-07 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 3 2024 - 25% progression
Action: 2024-02-07 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amend KRS 141.019 to exclude all distributions from military pension plans received by retired members of the United States military and their surviving spouses or former spouse under a survivor benefit plan from income taxation for taxable years beginning on or after January 1, 2025, but before January 1, 2029; require reporting by the Department of Revenue; amend KRS 131.190 to conform.
Title
AN ACT relating to income taxation of military pensions.
Sponsors
Rep. Walker Thomas [R] | Rep. Myron Dossett [R] | Rep. Chris Fugate [R] | Rep. David Hale [R] |
Rep. DJ Johnson [R] | Rep. Kim King [R] | Rep. Marianne Proctor [R] | Rep. Scott Sharp [R] |
Rep. Nancy Tate [R] | Rep. Wade Williams [R] |
History
Date | Chamber | Action |
---|---|---|
2024-02-07 | House | to Appropriations & Revenue (H) |
2024-01-03 | House | to Committee on Committees (H) |
2024-01-03 | House | introduced in House |
Subjects
Fiscal Note
Military Affairs and Civil Defense
Reports Mandated
Retirement and Pensions
State Agencies
Taxation
Taxation, Income--Individual
Veterans
Military Affairs and Civil Defense
Reports Mandated
Retirement and Pensions
State Agencies
Taxation
Taxation, Income--Individual
Veterans