05RS HB277

HB277

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HB 277 (BR 1194) - J. Wayne, R. Adams, A. Arnold, T. Burch, J. Crenshaw, W. Hall, J. Jenkins, M. Marzian, R. Meeks, R. Nelson, D. Owens, K. Stein, B. Yonts

     AN ACT relating to income taxes.
     Amend KRS 141.020 to change individual income tax rates to levels ranging from 6% on incomes under $30,000 to 9% on incomes over $100,000, and to exempt from tax all individuals with incomes at or below the federal poverty level; amend KRS 141.066 to replace the low income credit with an earned income tax credit equal to 20% of the federal credit; amend KRS 141.180 to conform; make effective for tax years beginning on or after January 1, 2005.

     Feb 3-introduced in House
     Feb 4-to Appropriations and Revenue (H)


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