Kentucky HB629 establishes a tax credit for employers who provide paid leave to employees donating organs or bone marrow.
HB629 introduces a nonrefundable tax credit for employers in Kentucky who grant paid leave to employees donating organs or bone marrow. Employers can apply this credit against certain taxes, including those imposed by KRS 141.020, 141.040, and 141.0401. The credit is equal to the sum of employee compensation paid during the leave and the cost of temporary replacement help, if any. The credit can be carried forward for up to three taxable years but cannot be carried back.
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