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HB 667 KY
Introduced

AN ACT relating to the Kentucky work opportunity tax credit.

KY · session 2024RS · Assembly / House · bill

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

Introduced Feb 22, 2024

Latest action (Mar 5, 2024) to Appropriations & Revenue (H)

Summary

Create a new section of KRS Chapter 141 to establish a Kentucky work opportunity tax credit contingent on eligibility for the federal work opportunity tax credit; set maximum credit amount of $500 per eligible employee; specify the tax is available for taxable years beginning on or after January 1, 2025, but before January 1, 2029; amend KRS 141.0205 to provide the ordering of the tax credit; amend KRS 131.190 to allow the Department of Revenue to report on the credit.

Sponsor (1)

Action history (3)
  1. Feb 22, 2024 introduced in House · lower
  2. Feb 22, 2024 to Committee on Committees (H) · lower
  3. Mar 5, 2024 to Appropriations & Revenue (H) · lower
Subjects
Fiscal NoteTaxationTaxation, Income--CorporateWages and HoursWorkforce

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

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