26RS HB 452

Actions

Last Action	01/21/26: to Committee on Committees (H)
Title	AN ACT relating to individual income tax and declaring an emergency.
Bill Documents	Introduced
Bill Request Number	1064
Sponsors	P. Flannery, A. Gentry, D. Gordon, P. Griffee, J. Hodgson, T. Roberts, S. Sharp
Summary of Original Version	Amend KRS 141.010 to define "qualified tips" and "qualified overtime compensation"; amend KRS 141.019 to allow the same treatment of qualified tips in accordance with 26 U.S.C. sec. 224 and qualified overtime compensation in accordance with 26 U.S.C. sec. 225; RETROACTIVE; EMERGENCY.
Index Headings of Original Version	Effective Dates, Emergency - Income tax, treatment of qualified tips, qualified overtime compensation Retroactive Legislation - Income tax, treatment of qualified tips, qualified overtime compensation, January 1, 2025 Taxation - Income tax, treatment of qualified overtime compensation Taxation - Income tax, treatment of qualified tips Taxation, Income--Individual - Qualified overtime compensation, same treatment as federal tax law Taxation, Income--Individual - Qualified tips, same treatment as federal tax law