98RS SB349


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SB 349/FN (BR 1940) - D. Nunnelley

     AN ACT relating to revenue and taxation.
     Amend KRS 141.010 to permit the exclusion of up to $1,200 in each taxable year for amounts paid by a qualified taxpayer to purchase or pay premiums on a life insurance policy or annuity for the ultimate benefit of a person with a disability; and to define terms.


     SCA (1, D. Nunnelley) - Amend to reduce the tax deduction for annuity premiums purchased for individuals with a disability from $1,200 to $500.

     Feb 24-introduced in Senate
     Feb 25-to Appropriations and Revenue (S)
     Mar 3-reported favorably, 1st reading, to Consent Calendar with Committee Amendment (1)
     Mar 4-2nd reading, to Rules
     Mar 5-posted for passage in the Consent Orders of the Day for March 9, 1998
     Mar 9-3rd reading, passed 38-0 with committee amendment (1)
     Mar 10-received in House
     Mar 11-to Appropriations and Revenue (H)

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