HB 96 KY Introduced
AN ACT relating to an exemption of income taxation for military pensions.
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Summary
Amend KRS 141.019 to exclude all distributions from military pension plans received by retired members of the United States military and their surviving spouses or former spouse under a survivor benefit plan from income taxation for taxable years beginning on or after January 1, 2022, and before January 1, 2026; require reporting by the Department of Revenue; amend KRS 131.190 to conform.
Sponsors (8)
- W. Thomas Republican · primary
- C. Freeland Republican · primary
- C. Fugate Republican · primary
- R. Heath · primary
- R. Huff · primary
- C. Massey · primary
- N. Tate Republican · primary
- B. Wheatley · primary
Action history (3)
- Dec 2, 2021 Prefiled by the sponsor(s). · lower
- Jan 4, 2022 introduced in House · lower
- Jan 4, 2022 to Committee on Committees (H) · lower
Subjects
Fiscal NoteMilitary Affairs and Civil DefenseRetirement and PensionsTaxationTaxation, Income--IndividualVeterans
Text versions (1)
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