HB 506/FN (BR 1439) - J. Wayne, M. Marzian, T. Burch, W. Hall, J. Jenkins, R. Meeks, K. Stein, R. Webb
AN ACT relating to taxation.
Amend KRS 141.020 to increase the tax rate on income over $75,000; amend KRS 141.066 to establish a refundable earned income tax credit at 15% of the federal credit; amend KRS 140.130 to decouple from the federal estate tax phase-out; amend KRS 139.200 to include a list of selected services as subject to sales tax; amend KRS 139.120 to conform; amend KRS 139.480 to allow pollution control equipment not required by the federal government; amend KRS 141.0205 to recognize changes to income tax credits; make income tax provisions effective for tax years beginning on or after January 1, 2006, make estate tax provisions effective for deaths on or after August 1, 2006, make some sales tax provisions effective August 1, 2006.
Feb 3-introduced in House
Feb 6-to Appropriations and Revenue (H)