11RS HB372

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AN ACT relating to estimated income tax penalties.
Amend various sections of KRS Chapters 131, 141, and 154 to amend the calculation of the estimated tax penalty; clarify that no interest is due on estimated tax payments; allow for annualized income for taxpayers whose income fluctuates during the year; mimic the federal estimated tax penalty calculation as nearly as practicable; apply to taxable years beginning January 1, 2011.

     Feb 7-introduced in House
     Feb 8-to Appropriations & Revenue (H)
     Feb 11-posted in committee

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