House Bill 667

Actions
Last Action 03/05/24: to Appropriations & Revenue (H)
Title AN ACT relating to the Kentucky work opportunity tax credit.
Bill Documents Introduced
Fiscal Impact Statement Fiscal Note
Bill Request Number 1903
Sponsor J. Branscum
Summary of Original Version Create a new section of KRS Chapter 141 to establish a Kentucky work opportunity tax credit contingent on eligibility for the federal work opportunity tax credit; set maximum credit amount of $500 per eligible employee; specify the tax is available for taxable years beginning on or after January 1, 2025, but before January 1, 2029; amend KRS 141.0205 to provide the ordering of the tax credit; amend KRS 131.190 to allow the Department of Revenue to report on the credit.
Index Headings of Original Version Taxation, Income--Corporate - Work opportunity tax credit
Fiscal Note - Work opportunity tax credit
Wages and Hours - Work opportunity tax credit
Workforce - Work opportunity tax credit
Taxation - Work opportunity tax credit, income tax

Actions

Top
02/22/24
  • introduced in House
  • to Committee on Committees (H)
03/05/24
  • to Appropriations & Revenue (H)


Last updated: 9/26/2024 1:37 PM (EDT)