25RS HB 176

Actions

Last Action	01/09/25: to Committee on Committees (H)
Title	AN ACT relating to an income tax credit.
Bill Documents	Introduced
Bill Request Number	1028
Sponsor	T. Roberts
Summary of Original Version	Create a new section of KRS Chapter 141 to allow a refundable income tax credit for the firearm making tax, firearm special occupational tax, or firearm transfer tax for taxable years beginning on or after January 1, 2026, but before January 1, 2030; amend KRS 141.0205 and KRS 131.190 to order the credit.
Index Headings of Original Version	Firearms and Weapons - Refundable income tax credit, federal firearm taxes Taxation - Refundable income tax credit, federal firearm taxes Taxation, Income--Corporate - Refundable tax credit, federal firearm taxes Taxation, Income--Individual - Refundable income tax credit, federal firearm taxes Federal Laws and Regulations - Refundable income tax credit, federal firearm taxes