Kentucky House Passes IRC Conformity Update, Other Changes

The Kentucky House passed legislation that:

– updates the IRC conformity date for computing corporation and personal income tax liability;

– clarifies combined reporting requirements for unitary business groups;

– amends the recycling and composting equipment credit; and

– makes technical changes related to 2018 tax reform legislation.

H.B. 354, as passed by Kentucky House of Representatives on February 21, 2019

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CCHTaxGroup

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