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HB 125 KY
Introduced

AN ACT relating to veterans' income taxation.

KY · session 2022RS · Assembly / House · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Dec 9, 2021

Latest action (Jan 4, 2022) to Committee on Committees (H)

Summary

Create a new section of KRS Chapter 141 to establish a deduction of the first year's income for veterans who remain or move into this state immediately upon exit from the Armed Forces and maintain residency in this state for a minimum of three consecutive years thereafter; amend KRS 141.019 to allow for the deduction; amend KRS 131.190 to allow reporting of the deduction by the Department of Revenue to the Legislative Research Commission.

Sponsors (2)
  • K. Fleming · primary
  • B. McCool Republican · primary

Action history (3)
  1. Dec 9, 2021 Prefiled by the sponsor(s). · lower
  2. Jan 4, 2022 introduced in House · lower
  3. Jan 4, 2022 to Committee on Committees (H) · lower
Subjects
TaxationTaxation, Income--IndividualVeterans

Text versions (1)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • Introduced · PDF

Full text

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