House Bill 325

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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

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02/11/13
  • introduced in House
02/12/13
  • to Appropriations & Revenue (H)


Last updated: 8/27/2019 7:53 PM (EDT)