| 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 |
| 01/03/23 |
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|---|---|
| 02/23/23 |
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Last updated: 11/9/2023 3:03 PM (EST)