08RS HB566

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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 566/FN (BR 1969) - J. Wayne, H. Moberly Jr.

AN ACT relating to taxation.
Amend KRS 140.130 to provide definitions and to apply the estate tax without regard to the federal phase-out of the state credit; amend KRS 141.066 to provide a state earned income tax credit.

HB 566 - AMENDMENTS

     HCA (1, H. Moberly Jr.) - Change effective date for estate tax to dates of death on or after January 1, 2009.

     HFA (1, S. Brinkman) - Include definition of qualified family business, exclude from taxable estate.

     HFA (2, B. Montell) - Add and amend KRS 67.750 to permit, rather than require, the inclusion of retirement, profit sharing or deferred compensation contributions or funds earmarked for cafeteria plans when determining compensation subject to occupational license taxes.

     Feb 19-introduced in House
     Feb 21-to Appropriations & Revenue (H)
     Feb 26-posting waived
     Feb 28-reported favorably, 1st reading, to Calendar with committee amendment (1) ; floor amendment (1) filed
     Feb 29-2nd reading, to Rules
     Mar 6-posted for passage in the Regular Orders of the Day for Friday, March 7, 2008
     Mar 27-floor amendment (2) filed

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