Summary of Original Version

Amend KRS 131.061 to update statutory language.

Summary of Amendment: House Committee Substitute 1

Summary Require the Department of Revenue to adhere to any extension of the 2020 federal income tax return filing or payment for Kentucky income tax purposes.

Summary of Amendment: Senate Committee Substitute 1

Summary Retain original provisions; create new sections of KRS Chapter 65 to provide incremental revenue tax incentives to the West End Opportunity Partnership and an income tax credit for certain residents; amend KRS 141.0205 to order the new tax credit; amend KRS 131.190 to require reporting by the Department of Revenue; amend KRS 138.146 to modify the bond provisions for cigarette tax; amend 2021 Regular Session HB 249/VO to modify the provisions of the certified rehabilitation tax credit.

Summary of Amendment: Senate Floor Amendment 1 -- M. McGarvey

Summary Retain original provisions; and amend KRS 141.019 to allow the same treatment of unemployment compensation in accordance with Pub. L. No. 117-2, sec. 9042.

Summary of Amendment: Senate Floor Amendment 2 -- M. McGarvey

Summary Make title amendment.

Statutes affected:
Introduced: 131.061
Acts Chapter 203: 141.0205, 131.190, 138.146
Senate Committee Substitute 1: 141.0205, 131.190, 138.146