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HB 26 Kentucky House · 2025 Regular Session

AN ACT relating to individual income tax exclusions.

Summary
Amend KRS 141.010 to define "tips" and "overtime compensation"; amend KRS 141.019 to allow an exclusion from gross income for tax purposes for tips and overtime compensation; amend KRS 141.335 to include tips and overtime compensation amounts on employee withholding statement; amend KRS 131.190 to allow the Department of Revenue to report on the exclusions.
Issues: ✓ Budget & TaxesSupports Budget & TaxesExcludes tips and overtime from taxable income, providing direct tax relief for workers earning these income types under individual income tax provisions.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentExcludes tips/overtime from taxable income, increasing net pay for workers - directly supports wage retention under labor & employment.92% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 7, 2025 Last action Feb 4, 2025
Floor votes

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Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
2
Feb 4, 2025
Committee
to Appropriations & Revenue (H)
lower
Jan 7, 2025
Committee
to Committee on Committees (H)
lower
Jan 7, 2025
Introduced
introduced in House
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.