Bill > HB82

This bill amends Kentucky Revised Statutes (KRS) 141.019 and 141.039 to exclude capital gains and capital losses from the sale or exchange of currency or bullion from state income tax calculations for taxable years beginning on or after January 1, 2027. This means that any profit or loss made from selling or trading currency or precious metals like gold or silver will not be subject to state income tax. The bill defines "currency" and "bullion" as they are defined in KRS 139.480, which generally refers to coins, paper money, and precious metals in their raw or refined form. This change aims to provide tax relief for individuals and corporations engaging in these types of transactions.

Budget and Finance

https://apps.legislature.ky.gov/record/26RS/hb82.html