| Last Action | to Appropriations & Revenue (H) |
|---|---|
| Title | AN ACT relating to estimated income tax penalties. |
| Bill Documents |
Bill
|
| Impact Statements | Fiscal Note |
| Bill Request Number | 1362 |
| Sponsor | M. Denham |
| Summary of Original Version | Create new sections of KRS Chapter 141 and amend various sections of KRS Chapters 131, 141, and 154 to amend the calculation of the estimated tax penalty; clarify that no interest is due on estimated tax payments; allow for annualized income for taxpayers whose income fluctuates during the year; mimic the federal estimated tax penalty calculation as nearly as practicable; apply to taxable years beginning January 1, 2013. |
| Index Headings of Original Version |
Fiscal Note - Estimated tax penalty, amendment to mimic federal calculation Taxation - Income tax, estimated tax penalty, amendment to mimic federal calculation Taxation, Income--Corporate - Estimated tax penalty, amendment to mimic federal calculation Taxation, Income--Individual - Estimated tax penalty, amendment to mimic federal calculation |
| 02/11/13 |
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|---|---|
| 02/12/13 |
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Last updated: 8/27/2019 7:53 PM (EDT)