| Last Action | 03/01/18: to Appropriations & Revenue (H) |
|---|---|
| Title | AN ACT relating to the highly skilled employee tax credit. |
| Bill Documents | Introduced |
| Fiscal Impact Statement | Fiscal Note |
| Bill Request Number | 1108 |
| Sponsor | P. Pratt |
| Summary of Original Version | Establish Subchapter 13 of KRS Chapter 154 and create new sections thereof to define terms and create a tax credit for residents of the Commonwealth that are employed in high-skill, high-demand industry sector positions in an amount not to exceed $1,500 for each eligible position and a total of $3 million in each fiscal year; create a new section in KRS Chapter 141 to allow a nonrefundable, nontransferable tax credit against the individual income tax for taxable years beginning on or after January 1, 2018, but before January 1, 2022, and to require reporting by the department; amend KRS 141.0205 to order the tax credit; amend various sections to conform to the reporting requirements. |
| Index Headings of Original Version |
Taxation - Highly skilled employee tax credit, creation of Taxation, Income--Individual - Highly skilled employee tax credit, creation of Workforce - Highly skilled employee tax credit, creation of Reports Mandated - Highly skilled employee tax credit, creation of, Department of Revenue report Fiscal Note - Highly skilled employee tax credit, creation of |
| 02/27/18 |
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|---|---|
| 03/01/18 |
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Last updated: 9/1/2020 2:57 PM (EDT)
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