KY HB333 | 2019 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 13 2019 - 25% progression, died in committee
Action: 2019-02-14 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 13 2019 - 25% progression, died in committee
Action: 2019-02-14 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Establish Subchapter 13 of KRS Chapter 154 and create new sections thereof to define terms and create a tax credit for residents of the Commonwealth that are employed in high-skill, high-demand industry sector positions in an amount not to exceed $1,500 for each eligible position and a total of $3 million in each fiscal year; create a new section in KRS Chapter 141 to allow a nonrefundable, nontransferable tax credit against the individual income tax for taxable years beginning on or after January 1, 2020, but before January 1, 2024, and to require reporting by the department; amend KRS 141.0205 to order the tax credit; amend KRS 131.190 to conform to the reporting requirements.
Title
AN ACT relating to the highly skilled employee tax credit.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2019-02-14 | House | to Appropriations & Revenue (H) |
2019-02-13 | House | introduced in House |
Subjects
Kentucky State Sources
Type | Source |
---|---|
Summary | https://apps.legislature.ky.gov/record/19RS/hb333.html |
Text | https://apps.legislature.ky.gov/recorddocuments/bill/19RS/hb333/orig_bill.pdf |