AN ACT relating to revenue and taxation.
     Amend various sections of KRS Chapter 141 and create two new sections of KRS Chapter 141 to require federal filing status, allow federal amounts for standard deduction and personal exemption; remove the low income credit; establish a new refundable earned income credit; and adjust tax rates; amend KRS 139.100 to extend sales tax to lottery tickets and interstate telephone calls; create a new section of KRS Chapter 136 and amend various sections of KRS Chapter 136 to extend the corporate license tax to limited liability entities; amend KRS 140.080 to make Class A beneficiaries taxable on an inheritable interest above $5 million; make provisions of this Act effective January 1, 2001.

     Mar 1-introduced in House
     Mar 2-to Appropriations and Revenue (H)