Kentucky HB451 amends the limited liability entity tax, adjusting rates and exemptions for corporations and pass-through entities.
Kentucky HB451 modifies the limited liability entity tax by setting a rate of nine and one-half cents per one hundred dollars of Kentucky gross receipts for corporations and pass-through entities, with adjustments based on gross receipts and profits. It introduces a minimum tax of $175 and exempts entities with Kentucky gross receipts below $100,000 starting from 2027.
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