House Bill 123

Actions
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

Actions

Top
01/03/24
  • introduced in House
  • to Committee on Committees (H)
02/07/24
  • to Appropriations & Revenue (H)


Last updated: 4/19/2024 2:19 PM (EDT)