25RS HB 721

Actions

Last Action	02/19/25: to Committee on Committees (H)
Title	AN ACT relating to the limited liability entity tax.
Bill Documents	Introduced
Bill Request Number	1959
Sponsor	P. Flannery
Summary of Original Version	Amend KRS 141.0401 to prevent entities doing business in Kentucky with gross receipts of less than $100,000 from paying the limited liability entity tax for taxable years beginning on or after January 1, 2026.
Index Headings of Original Version	Fiscal Note - Limited liability entity tax, exemption, gross receipts less than $100,000 Small Business - Limited liability entity tax, exemption, gross receipts less than $100,000 Taxation - Limited liability entity tax, exemption, gross receipts less than $100,000 Taxation, Income--Corporate - Limited liability entity tax, exemption, gross receipts less than $100,000