2008 House Bill 592 (Create two state wage-related tax credits )

[Comments on this legislation] [Text and Analysis] [Add to Watch List]
[Previous] [Next]

• Introduced by Rep. W Keith Hall on February 20, 2008, to create a state refundable Earned Income Tax Credit for low-income individual taxpayers who take the federal EITC and a state non-refundable work opportunity tax credit for employers who take the federal WOTC. The bill sets the state EITC at 5% of the federal credit for residents and 5% multiplied by the percentage of taxpayer's adjusted gross income attributable to Kentucky for nonresidents. The bill also sets the work opportunity tax credit at 5% of the first $6000 of income of certain employees.
  • Referred to the House Appropriations and Revenue Committee on February 21, 2008.
  • Referred to the House Economic Development Committee on February 25, 2008.
  • Reported in the House on March 6, 2008, favorably, 1st reading, to Calendar.
  • Referred to the House Appropriations and Revenue Committee on March 11, 2008.

Comments

Introduced by Rep. W Keith Hall on February 20, 2008. New Comment