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2008 House Bill 592: Create two state wage-related tax credits
Introduced by Rep. W. Keith Hall (D) 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.   Official Text and Analysis.
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

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