HB 553 (BR 1316) - R. Wilkey
AN ACT relating to income tax.
Amend KRS 141.010 to provide that resident and nonresident individuals and corporations that are partners in a partnership or shareholders in an S corporation that does business within and without Kentucky are taxable on their proportionate share of income attributable to business done in Kentucky; amend KRS 141.206 to conform; applies for tax years beginning after December 31, 1999.
Feb 2-introduced in House
Feb 3-to Appropriations and Revenue (H)