05RS HB277


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Includes opposite chamber sponsors where requested by primary sponsors of substantially similar bills in both chambers and jointly approved by the Committee on Committees of both chambers. Opposite chamber sponsors are represented in italics.

HB 277 (BR 1194) - J. Wayne, R. Adams, A. Arnold, T. Burch, J. Crenshaw, W. Hall, J. Jenkins, M. Marzian, R. Meeks, R. Nelson, D. Owens, K. Stein, B. Yonts

     AN ACT relating to income taxes.
     Amend KRS 141.020 to change individual income tax rates to levels ranging from 6% on incomes under $30,000 to 9% on incomes over $100,000, and to exempt from tax all individuals with incomes at or below the federal poverty level; amend KRS 141.066 to replace the low income credit with an earned income tax credit equal to 20% of the federal credit; amend KRS 141.180 to conform; make effective for tax years beginning on or after January 1, 2005.

     Feb 3-introduced in House
     Feb 4-to Appropriations and Revenue (H)

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