House Bill 46

Actions
Last Action 02/23/23: to Appropriations & Revenue (H)
Title AN ACT relating to depreciation.
Bill Documents Introduced
Bill Request Number 828
Sponsors K. Fleming, J. Bauman
Summary of Original Version Amend KRS 141.0101 to update the expense deduction on property placed in service on or after January 1, 2023, to be the same as Section 179 of the Internal Revenue Code in effect on December 31, 2022, except the phase-out provision shall not apply.
Index Headings of Original Version Property - Section 179 property, expense deduction
Taxation - Section 179 expense deduction, Internal Revenue Code in effect on December 31, 2022
Taxation, Income--Corporate - Section 179 expense deduction, Internal Revenue Code in effect on December 31, 2022
Taxation, Income--Individual - Section 179 expense deduction, Internal Revenue Code in effect on December 31, 2022

Actions

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01/03/23
  • introduced in House
  • to Committee on Committees (H)
02/23/23
  • to Appropriations & Revenue (H)


Last updated: 11/9/2023 3:03 PM (EST)