26RS HB 13

Actions

Last Action	01/06/26: to Committee on Committees (H)
Title	AN ACT relating to the individual income tax rate.
Bill Documents	Introduced
Bill Request Number	1340
Sponsor	L. Burke
Summary of Original Version	Amend KRS 141.020 to establish a graduated tax rate for net income of $300,000 or less; establish a flat tax rate of 6% for net incomes in excess of $300,000; and remove provisions relating to tax rate reduction procedures.
Index Headings of Original Version	Budget And Financial Administration - Individual income tax, graduated tax rates, elimination of reduction procedures Taxation - Individual income tax, graduated tax rates, elimination of reduction procedures Taxation, Income--Individual - Graduated tax rates, elimination of reduction procedures