25RS HB 192

Actions

Last Action	01/09/25: to Committee on Committees (H)
Title	AN ACT relating to income taxation of military pensions.
Bill Documents	Introduced
Bill Request Number	282
Sponsors	S. McPherson, W. Thomas, E. Callaway, D. Fister, D. Hale, K. Jackson, S. Riley
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 National Guard and their surviving spouse or former spouse under a survivor benefit plan from income taxation for taxable years beginning on or after January 1, 2026, but before January 1, 2030; require reporting by the Department of Revenue; amend KRS 131.190 to conform.
Index Headings of Original Version	Military Affairs and Civil Defense - Military pensions, income tax exclusion Retirement and Pensions - Military pensions, income tax exclusion State Agencies - Department of Revenue, report to Legislatvie Research Commission, military pensions Taxation - Individual, military pensions, income tax exclusion Taxation, Income--Individual - Military pensions, income tax exclusion Veterans - Military pensions, income tax exclusion Reports Mandated - Department of Revenue, military pensions, exclusion data