KY HB559 | 2014 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on March 4 2014 - 25% progression, died in committee
Action: 2014-03-05 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [MS Word]
Status: Introduced on March 4 2014 - 25% progression, died in committee
Action: 2014-03-05 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [MS Word]
Summary
Amend KRS 141.0402 to remove the $175 minimum tax liability for the limited liability entity tax (LLET), and to provide that for any corporation or limited liability pass-through entity with gross receipts or gross profits of less than $6,000,000 the LLET liability shall be reduced to zero for taxable years beginning on and after January 1, 2015.
Title
AN ACT relating to the limited liability entity tax.
Sponsors
| Rep. Rick Nelson [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2014-03-05 | House | to Appropriations & Revenue (H) |
| 2014-03-04 | House | introduced in House |
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | http://www.lrc.ky.gov/record/14RS/HB559.htm |
| Text | http://www.lrc.ky.gov/record/14RS/HB559/bill.doc |
