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HB 123 KY
Introduced

AN ACT relating to income taxation of military pensions.

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 Jan 3, 2024

Latest action (Feb 7, 2024) to Appropriations & Revenue (H)

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, 2025, but before January 1, 2029; require reporting by the Department of Revenue; amend KRS 131.190 to conform.

Sponsors (10)

Action history (3)
  1. Jan 3, 2024 introduced in House · lower
  2. Jan 3, 2024 to Committee on Committees (H) · lower
  3. Feb 7, 2024 to Appropriations & Revenue (H) · lower
Subjects
Fiscal NoteMilitary Affairs and Civil DefenseReports MandatedRetirement and PensionsState AgenciesTaxationTaxation, 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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