HB 411/FN (BR 1777) - J. Wayne
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 percent 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 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 sales tax provisions effective for billings on or after August 1, 2006.
Feb 12-introduced in House
Feb 15-to Appropriations & Revenue (H)