summary
Introduced
01/07/2026
01/07/2026
In Committee
01/14/2026
01/14/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Amend KRS 141.019 to increase the retirement distribution exclusion from $31,110 to $41,110 for taxable years beginning on or after January 1, 2027.
AI Summary
This bill amends Kentucky Revised Statutes (KRS) 141.019 to increase the amount of retirement income that individuals can exclude from their taxable income. Specifically, for taxable years beginning on or after January 1, 2027, the exclusion for total distributions from pension plans, annuity contracts, profit-sharing plans, retirement plans, or employee savings plans will increase from $31,110 to $41,110. This change aims to provide greater tax relief to retirees on their retirement income.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
to Appropriations & Revenue (H) (on 01/14/2026)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://apps.legislature.ky.gov/record/26RS/hb183.html |
| BillText | https://apps.legislature.ky.gov/recorddocuments/bill/26RS/hb183/orig_bill.pdf |
Loading...