| 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 |
| 02/22/24 |
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| 03/05/24 |
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Last updated: 4/22/2024 3:57 PM (EDT)