HB463: AN ACT relating to the taxation of pension income, making an appropriation therefor, and declaring an emergency.

Legislative Summary

Amend KRS 141.019 to increase the pension income exclusion from $31,110 to $41,110; apply retroactively for taxable years beginning on or after January 1, 2018; require the Department of Revenue to automatically issue refunds; APPROPRIATION; RETROACTIVE; EMERGENCY.