House Bill 127

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Last Action to Appropriations & Revenue (H)
Title AN ACT relating to taxation.
Bill Documents Bill
Impact Statements Fiscal Note
Bill Request Number 373
Sponsors J. Wayne, T. Burch, K. Flood, J. Jenkins, M. Marzian, R. Meeks, D. Owens, R. Palumbo, R. Smart, S. Westrom
Summary of Original Version Amend KRS 140.130 to decouple from changes to the federal estate tax since 2003; amend KRS 141.010 to provide for a phase-out of the pension exclusion; amend KRS 141.020 to provide for changes to income tax rates and to impose the tax on adjusted gross income; amend KRS 141.081 to conform; amend KRS 141.066 to provide for a refundable earned income credit; amend KRS 141.0205 to recognize changes in income tax credits; amend KRS 139.200 to impose sales tax on selected services; amend KRS 141.383, 148.544, and 148.546 to make the film industry tax credit nonrefundable and nontransferable; provide that income tax provisions apply for tax years beginning on or after January 1, 2012, estate tax provisions apply for deaths occurring on or after August 1, 2012, and sales tax provisions apply for periods beginning on or after July 1, 2012.
Index Headings of Original Version Fiscal Note - Estate tax, modify and decouple from federal tax
Taxation - Broad based reform, income, sales estate, film tax credits
Taxation, Income--Individual - Adjust rates, expand taxable base, provide for earned income credit
Taxation, Inheritance and Estate - Reinstate estate tax, decouple from federal estate tax
Taxation, Sales and Use - Services, extend sales tax to selected
Tourism - Film tax credit, make nonrefundable and nontransferable
Wills and Estates - Estate tax, modify and decouple from federal tax

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12/15/11
  • Prefiled by the sponsor(s).
01/03/12
  • introduced in House
  • to Appropriations & Revenue (H)


Last updated: 1/16/2019 3:37 PM (EST)