Bill > HB19

This bill amends the Kentucky Revised Statutes (KRS) to exclude all distributions from military pension plans received by retired members of the United States military and their surviving spouses or former spouses under a survivor benefit plan from state income taxation for taxable years beginning on or after January 1, 2023. The bill also requires the Department of Revenue to report certain information related to the military pension deduction to the Legislative Research Commission. Additionally, the bill makes a conforming amendment to KRS 131.190 to allow the Department of Revenue to provide information related to the military pension deduction to the Legislative Research Commission.