KY SB12 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 2 2024 - 25% progression, died in committee
Action: 2024-01-03 - to Appropriations & Revenue (S)
Pending: Senate Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 2 2024 - 25% progression, died in committee
Action: 2024-01-03 - to Appropriations & Revenue (S)
Pending: Senate Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Create a new section of KRS Chapter 141 to establish a refundable Kentucky child tax credit for taxpayers with qualifying children under the age of six; authorize a maximum credit of $1,000 per qualifying child for individuals with income below $50,000 for single taxpayers and $100,000 for married taxpayers filing jointly; provide that individuals with incomes above the specified thresholds may be eligible for a reduced child tax credit; amend KRS 141.0205 to order the tax credit; amend KRS 131.190 to allow the Department of Revenue to report on the tax credit.
Title
AN ACT relating to the Kentucky child tax credit.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-01-03 | Senate | to Appropriations & Revenue (S) |
| 2024-01-02 | Senate | to Committee on Committees (S) |
| 2024-01-02 | Senate | introduced in Senate |
Subjects
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | https://apps.legislature.ky.gov/record/24RS/sb12.html |
| Text | https://apps.legislature.ky.gov/recorddocuments/bill/24RS/sb12/orig_bill.pdf |
