KY HB372 | 2011 | Regular Session
Status
Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on February 7 2011 - 25% progression, died in committee
Action: 2011-02-11 - posted in committee
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [MS Word]
Status: Introduced on February 7 2011 - 25% progression, died in committee
Action: 2011-02-11 - posted in committee
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [MS Word]
Summary
Amend various sections of KRS Chapters 131, 141, and 154 to amend the calculation of the estimated tax penalty; clarify that no interest is due on estimated tax payments; allow for annualized income for taxpayers whose income fluctuates during the year; mimic the federal estimated tax penalty calculation as nearly as practicable; apply to taxable years beginning January 1, 2011.
Title
AN ACT relating to estimated income tax penalties.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2011-02-11 | posted in committee | |
| 2011-02-08 | to Appropriations & Revenue (H) | |
| 2011-02-07 | introduced in House |
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | http://www.lrc.ky.gov/record/11RS/HB372.htm |
| Text | http://www.lrc.ky.gov/record/11RS/HB372/bill.doc |
