Kentucky HB183 modifies the state's tax code to adjust the exclusion limits for retirement distributions.
Kentucky HB183 amends the state's tax code to adjust the exclusion limits for retirement distributions. Specifically, it excludes up to $31,110 of total distributions from pension plans, annuity contracts, profit-sharing plans, retirement plans, or employee savings plans for taxable years beginning between January 1, 2018, and January 1, 2027. For taxable years starting on or after January 1, 2027, the exclusion increases to $41,110.
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