22RS HB 463

Actions

Last Action	02/08/22: to Committee on Committees (H)
Title	AN ACT relating to the taxation of pension income, making an appropriation therefor, and declaring an emergency.
Bill Documents	Introduced
Bill Request Number	1701
Sponsors	R. Huff, K. Banta, J. Blanton, T. Bojanowski, A. Bowling, D. Hale, D. Lewis, S. Lewis, M. Lockett, C. Massey, B. McCool, R. Palumbo, K. Timoney, B. Wheatley
Summary of Original Version	Amend KRS 141.019 to increase the pension income exclusion from $31,110 to $41,110; apply retroactively for taxable years beginning on or after January 1, 2018; require the Department of Revenue to automatically issue refunds; APPROPRIATION; RETROACTIVE; EMERGENCY.
Index Headings of Original Version	Effective Dates, Emergency - Pension income exclusion, retroactively raise Retirement and Pensions - Pension income exclusion, retroactively raise Taxation - Pension income exclusion, retroactively raise Taxation, Income--Individual - Pension income exclusion, retroactively raise Retroactive Legislation - Pension income exclusion, raise for tax years beginning on or after January 1, 2018 Appropriations - Pension income exclusion, retroactively raise