Bill

Bill > HB785


KY HB785

KY HB785
AN ACT relating to inheritance tax.


summary

Introduced
02/26/2024
In Committee
02/26/2024
Crossed Over
Passed
Dead
04/15/2024

Introduced Session

2024 Regular Session

Bill Summary

Amend KRS 140.070 and 140.080 to include a foster child as a Class A beneficiary and to delete language that only applies to deaths occurring prior to July 1, 1995, or between July 1, 1995, and June 30, 1998.

AI Summary

This bill amends the Kentucky Revised Statutes (KRS) to include a foster child as a Class A beneficiary for inheritance tax purposes and removes language that only applied to deaths occurring prior to July 1, 1995, or between July 1, 1995, and June 30, 1998. The bill also specifies that it applies to estates of decedents who die on or after August 1, 2024.

Sponsors (1)

Last Action

to Committee on Committees (H) (on 02/26/2024)

Bill Topics

Macroeconomics
  • ‐ Taxation, Tax Policy, and Tax Reform

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Document Type Source Location Created
State Bill Page https://apps.legislature.ky.gov/record/24RS/hb785.html 02/26/2024
BillText https://apps.legislature.ky.gov/recorddocuments/bill/24RS/hb785/orig_bill.pdf 02/26/2024
Loading...