{"data":{"id":"us-ky/krs-141.0215","jurisdiction":"us-ky","citation":"KRS 141.0215","heading":"Inclusion in gross income of government retirement payments after","body":"December 31, 1997 -- Computation.\n(1) Notwithstanding the provisions of KRS 141.010(1), for tax years commencing on or\nafter January 1, 1998, the amount of all previously untaxe d distributions from a\nretirement plan paid pursuant to KRS Chapters 6, 16, 21, 61, 67A, 78, 90, 95, 96,\n161, and 164, and the amount of all previously untaxed distributions paid from a\nretirement plan by the federal government, which are excluded from gro ss income\npursuant to KRS 141.021, shall be included in gross income as follows:\n(a) Multiply the total annual government retirement payments by a fraction whose\nnumerator is the number of full or partial years of service performed for the\ngovernmental unit making the retirement payments after January 1, 1998, and\nwhose denominator is the total number of full or partial years of service\nperformed for the governmental unit making retirement payments, including\npurchased service credit. Purchased service cred its shall be included in the\nnumerator of the fraction only if the services for which credits are being\npurchased were provided after January 1, 1998.\n(b) The resulting number shall be the amount included in gross income.\n(2) Any taxpayer receiving governm ent retirement payments from more than one (1)\ngovernmental unit shall separately determine the payment amount attributable to\neach unit to be included in gross income, using the formula set forth in subsection\n(1) of this section.","path":["KRS Chapter 141"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=49186","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:33Z","sha256":"c52017a60f6dd5e8a22c10181066c43eef5a5eb57b3f86db14d8a5a52f023889","source_id":"us-ky","stale":false,"prev":"us-ky/krs-141.021","next":"us-ky/krs-141.022"},"notice":"GroundRules: Original legal text. Not legal advice."}