SB241

Kentucky SB241 amends tax laws to allow a deduction for professional membership dues.

Kentucky SB241 amends the Kentucky tax code to allow a deduction for professional membership dues paid by taxpayers. This deduction applies to dues, fees, assessments, or other charges required to maintain a professional license or association membership related to employment. The bill specifies that the deduction is available for taxable years beginning on or after January 1, 2027, and before January 1, 2031. The deduction is for amounts not deducted under Section 162 of the Internal Revenue Code.