KY HB37 | 2023 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 3 2023 - 25% progression, died in committee
Action: 2023-02-23 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 3 2023 - 25% progression, died in committee
Action: 2023-02-23 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Create a new section of KRS Chapter 141 to allow a pass-through entity to pay the income tax due at the entity level based on tax rate established in KRS 141.020; amend KRS 141.019 to allow the applicable partners, members, or shareholders to exclude the income from the pass-through entity to avoid double taxation.
Title
AN ACT relating to pass-through entity tax.
Sponsors
| Rep. Ken Fleming [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2023-02-23 | House | to Appropriations & Revenue (H) |
| 2023-01-03 | House | to Committee on Committees (H) |
| 2023-01-03 | House | introduced in House |
Subjects
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | https://apps.legislature.ky.gov/record/23RS/hb37.html |
| Text | https://apps.legislature.ky.gov/recorddocuments/bill/23RS/hb37/orig_bill.pdf |
