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HB 559 (BR 1729) - R. Nelson

     AN ACT relating to the limited liability entity tax.
     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.

     Mar 4-introduced in House
     Mar 5-to Appropriations & Revenue (H)

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