KY HB239 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on January 11 2024 - 25% progression, died in committee
Action: 2024-01-11 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 11 2024 - 25% progression, died in committee
Action: 2024-01-11 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amend KRS 141.019 to establish an exclusion for amounts contributed to a Kentucky Saves account for taxable years beginning on or after January 1, 2025, but before January 1, 2029; create a new section of KRS Chapter 141 to establish the parameters for the Kentucky Saves exclusion and Kentucky Saves tax credit; require the Department of Revenue to report annually on the exclusion and tax credit; amend KRS 141.0205 to provide ordering of the tax credit; and amend KRS 131.190 to allow the Department of Revenue to report on the exclusion and tax credit.
Title
AN ACT relating to contributions made to a Kentucky Saves account.
Sponsors
| Rep. Lindsey Burke [D] | Rep. Chad Aull [D] | Rep. George Brown [D] | Rep. Beverly Chester-Burton [D] |
| Rep. Sarah Stalker [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-01-11 | House | to Committee on Committees (H) |
| 2024-01-11 | House | introduced in House |
Subjects
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | https://apps.legislature.ky.gov/record/24RS/hb239.html |
| Text | https://apps.legislature.ky.gov/recorddocuments/bill/24RS/hb239/orig_bill.pdf |
