KY HB384 | 2012 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 9 2012 - 25% progression, died in committee
Action: 2012-02-13 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [MS Word]
Status: Introduced on February 9 2012 - 25% progression, died in committee
Action: 2012-02-13 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [MS Word]
Summary
Create new sections of KRS Chapter 141 and 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, 2012.
Title
AN ACT relating to estimated income tax penalties.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2012-02-13 | to Appropriations & Revenue (H) | |
| 2012-02-09 | introduced in House |
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | http://www.lrc.ky.gov/record/12RS/HB384.htm |
| Text | http://www.lrc.ky.gov/record/12RS/HB384/bill.doc |
