{"data":{"id":"us-ky/krs-141.062","jurisdiction":"us-ky","citation":"KRS 141.062","heading":"Premiums paid for health insurance to be treated as income tax credit.","body":"(1) The amount of premiums paid for health insurance shall be treated as an income tax\ncredit for state income tax purposes, and as a credit against the limited liability\nentity tax imposed by KRS 141.0401, with the ordering of the credits as provided in\nKRS 141.0205, as follows:\n(a) Twenty percent (20%) of the first year premium;\n(b) Fifteen percent (15%) of the second year premium;\n(c) Ten percent (10%) of the third year premium; and\n(d) Five percent (5%) of the fourth year premium.\n(2) No employer or employee shall be eligible for the income tax credits enumerated in\nthis section unless:\n(a) Premiums are paid into the trust prior to July 1, 1992;\n(b) Fifty (50) or fewer employees are employed;\n(c) No health insurance benefits have been provided by the employe r during the\nthree (3) years preceding the date premiums are initially paid to the trust;\n(d) Employers maintain participation in the trust for all full -time and part -time\nemployees for a period of four (4) continuous years; and\n(e) Employers pay at least fifty percent (50%) of the premium.","path":["KRS Chapter 141"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=29055","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:34Z","sha256":"5443998561e2a2a38f99977ae14bc5a95670e8212dc0c204dc3941f3b39f203a","source_id":"us-ky","stale":false,"prev":"us-ky/krs-141.060","next":"us-ky/krs-141.063"},"notice":"GroundRules: Original legal text. Not legal advice."}