00RS HB65


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HB 65/FN (BR 317) - R. Thomas, J. Adams, Ro. Adams, J. Bruce, M. Cherry, J. Crenshaw, R. Damron, P. Marcotte, T. McKee, H. Moberly, S. Nunn, D. Sims, C. Walton

     AN ACT relating to income tax and declaring an emergency.
     Amend KRS 141.010 to exclude from the income tax any amounts received from the national tobacco settlement; retroactively apply to tax years beginning after December 31, 1998; EMERGENCY.


     HFA (1, E. Jordan) - Exclude from adjusted gross income definition any severance payment received by an employee of an employer that is reducing its workforce as a result of the employer entering into any national settlement agreement.

     (Prefiled by the sponsor(s))

     Jan 4-introduced in House; to Appropriations and Revenue (H)
     Jan 7-posted in committee
     Jan 11-reported favorably, 1st reading, to Calendar
     Jan 12-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Thursday, January 13, 2000
     Jan 13-floor amendment (1) filed
     Jan 14-3rd reading, passed 96-0 with floor amendment (1)
     Jan 18-received in Senate
     Jan 20-to Appropriations and Revenue (S)

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