HB 372/FN (BR 1016) - A. Simpson
AN ACT relating to estimated income tax penalties.
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.
Feb 7-introduced in House
Feb 8-to Appropriations & Revenue (H)
Feb 11-posted in committee