House Bill 541

Actions
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

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02/27/18
  • introduced in House
03/01/18
  • to Appropriations & Revenue (H)


Last updated: 9/1/2020 2:57 PM (EDT)
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