| Last Action | 02/07/24: to Appropriations & Revenue (H) |
|---|---|
| Title | AN ACT relating to income taxation of military pensions. |
| Bill Documents | Introduced |
| Fiscal Impact Statement | Fiscal Note |
| Bill Request Number | 801 |
| Sponsors | W. Thomas, M. Dossett, C. Fugate, D. Hale, DJ Johnson, K. King, M. Proctor, S. Sharp, N. Tate, W. Williams |
| Summary of Original Version | Amend KRS 141.019 to exclude all distributions from military pension plans received by retired members of the United States military and their surviving spouses or former spouse under a survivor benefit plan from income taxation for taxable years beginning on or after January 1, 2025, but before January 1, 2029; require reporting by the Department of Revenue; amend KRS 131.190 to conform. |
| Index Headings of Original Version |
Reports Mandated - Department of Revenue, military pensions, exclusion data Military Affairs and Civil Defense - Military pensions, income tax exclusion Retirement and Pensions - Military pensions, income tax exclusion Veterans - Military pensions, income tax exclusion Taxation - Individual, military pensions, income tax exclusion Taxation, Income--Individual - Military pensions, income tax exclusion State Agencies - Department of Revenue, report to Legislatvie Research Commission, military pensions Fiscal Note - Military pensions, income tax exclusion |
| 01/03/24 |
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| 02/07/24 |
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Last updated: 9/26/2024 1:37 PM (EDT)