KY HB667 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 22 2024 - 25% progression
Action: 2024-03-05 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 22 2024 - 25% progression
Action: 2024-03-05 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Create a new section of KRS Chapter 141 to establish a Kentucky work opportunity tax credit contingent on eligibility for the federal work opportunity tax credit; set maximum credit amount of $500 per eligible employee; specify the tax is available for taxable years beginning on or after January 1, 2025, but before January 1, 2029; amend KRS 141.0205 to provide the ordering of the tax credit; amend KRS 131.190 to allow the Department of Revenue to report on the credit.
Title
AN ACT relating to the Kentucky work opportunity tax credit.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-03-05 | House | to Appropriations & Revenue (H) |
| 2024-02-22 | House | to Committee on Committees (H) |
| 2024-02-22 | House | introduced in House |
