Retirement And Pensions
Kentucky 2020 Regular Session
AN ACT relating to the taxation of pension income. [SB-14]
[Taxes ]
[Retirement ]
[Pensions ]
Amend KRS 141.019 to increase the pension income exclusion from $31,110 to $41,110.
Sponsored by: Sen. C.B. Embry
To Appropriations & Revenue (s) on 01/08/2020
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Gettr Kentucky 2020 Regular Session
AN ACT relating to wagering and making an appropriation therefor. [HB-137]
[Gaming ]
[Finance ]
[Taxes ]
[Consumer Protection ]
[Alcoholic Beverages ]
[Budget and Spending ]
Establish KRS Chapter 239 and create new sections to define “adjusted gross revenue,” “beginner,” “cabinet, “confidential information,” “entry fee,” “fantasy contest,” “fantasy contest operator," “fantasy contest participant", “highly experienced player,” “immediate family,” “location percentage,” “person,” “principal stockholder,” “registered fantasy contest operator,” “script,” “secretary,” and “wager”; establish requirements for registration as a fantasy contest operator; require the cabinet to promulgate administrative regulations for the operation
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Sponsored by: Rep. Derrick W. Graham
Recommitted To Licensing, Occupations, & Admin Regs (h) on 03/17/2020
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Kentucky 2020 Regular Session
AN ACT relating to the expansion of gaming and making an appropriation therefor. [HB-7]
[Gaming ]
[Taxes ]
[Tourism ]
[Funding ]
[Budget and Spending ]
[Retirement ]
[Law Enforcement ]
[Public Safety ]
[Crime ]
Create a new section of KRS Chapter 154A to state the findings of the General Assembly; amend KRS 154A.010 to define, "authorizing location," "casino," "county," "county legislative body," "department," "full casino gaming," "gaming licensee," "gross gaming revenue," "handle," "licensee," "limited casino gaming," and "principal"; amend KRS 154A.030 to expand the Lottery Corporation board membership and duties; amend KRS 154A.040 to include casino licensees; amend 154A.063 to remove prohibition against casino gaming; create new sections of KRS Chapter
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Sponsored by: Rep. Kelly Flood
Introduced In House on 01/07/2020
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Kentucky 2020 Regular Session
AN ACT relating to actuarial analysis on retirement bills. [HB-194]
[Pensions ]
[Retirement ]
Amend KRS 6.350 to establish additional requirements for the completion of the actuarial analysis required for bills pertaining to state-administered retirement systems; specify additional requirements to be projecting costs/savings over a 30 year period rather than 20 years, completing the analysis in a format established by the Legislative Research Commission, and requiring the front page of the analysis to include summary information.
Sponsored by: Rep. Derrick W. Graham
Taken From State & Local Government (s) on 03/18/2020
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Kentucky 2020 Regular Session
AN ACT relating to retirement costs for Kentucky Retirement Systems employers, declaring an emergency, and making an appropriation therefor. [HB-171]
[Budget and Spending ]
[Funding ]
[Healthcare ]
[Mental Health ]
[Pensions ]
[Retirement ]
[Labor, Jobs, Employment ]
Repeal, reenact, and amend KRS 61.565 to change the Kentucky Employees Retirement System's nonhazardous employer contribution payable on or after July 1, 2020, from a percentage of pay for both the normal cost contribution and the actuarially accrued liability contribution to a normal cost that is a percent of pay and an actuarially accrued liability contribution that is a set dollar amount; provide that the set dollar amount for the actuarially accrued liability contribution for KERS nonhazardous funds shall be allocated to each individual employer
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Sponsored by: Rep. Jerry T. Miller
Returned To State & Local Government (s) on 03/19/2020
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Kentucky 2020 Regular Session
AN ACT relating to an exemption from income taxation for military pensions. [HB-95]
[Taxes ]
[Military ]
[Pensions ]
[Retirement ]
[Veterans ]
Amend KRS 141.019 to exclude United States military retirees' pension income from income taxation for taxable years beginning on or after January 1, 2020, and before January 1, 2024; require reporting by the Department of Revenue; amend KRS 131.190 to conform.
Sponsored by: Rep. Kim King
Introduced In House on 01/07/2020