2025 Regular Session • Kentucky Legislature
HB721: AN ACT relating to the limited liability entity tax.
Legislative Summary
Amend KRS 141.0401 to prevent entities doing business in Kentucky with gross receipts of less than $100,000 from paying the limited liability entity tax for taxable years beginning on or after January 1, 2026.
Demographic Impact
Overall analysis of equity impact
70% Positive
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Bill History
2/19/2025
introduced in House
House of Representatives
2/19/2025
to Committee on Committees (H)
House of Representatives
2/27/2025
to Appropriations & Revenue (H)
House of Representatives
Status Information
Current Status
Introduced(2/19/2025)
Chamber
House of Representatives
Committee
Appropriations and Revenue(House of Representatives)
Sponsors
Republican: 1
Primary Sponsor
Patrick Flannery
Republican