Page 1 of 1 LRC 2024-BR 105 HB 433
COMMONWEALTH OF KENTUCKY FISCAL NOTE STATEMENT
LEGISLATIVE RESEARCH COMMISSION
2024 REGULAR SESSION
MEASURE
2024 BR NUMBER 105 HOUSE BILL NUMBER 433
TITLE AN ACT relating to disaster response businesses and employees.
SPONSOR Representative Myron Dossett
FISCAL SUMMARY
STATE FISCAL IMPACT: YES NO UNCERTAIN
OTHER FISCAL STATEMENT (S) THAT MAY APPLY: ACTUARIAL ANALYSIS
LOCAL MANDATE CORRECTIONS IMPACT HEALTH BENEFIT MANDATE
APPROPRIATION UNIT(S) IMPACTED:
FUND(S) IMPACTED: GENERAL ROAD FEDERAL RESTRICTED
FISCAL
ESTIMATES
2023-2024 2024-2025 2025-2026 ANNUAL IMPACT AT
FULL
IMPLEMENTATION
REVENUES (minimal)
EXPENDITURES
NET EFFECT (minimal)
( ) indicates a decrease/negative
PURPOSE OF MEASURE: House Bill 433 removes the sunset of January 1, 2025 on the
exemption from income tax for a nonresident disaster response employee or a disaster response
business. Currently, a nonresident disaster response employee or a disaster response business is
exempt from income tax on income earned in this state solely as a result of performing disaster
or emergency-related work in the event of a disaster response period.
FISCAL EXPLANATION : Due to the number of disaster response periods requiring assistance
from nonresident disaster response employees or businesses, there would be minimal fiscal
impact on the removal of the sunset date of January 1, 2025.
DATA SOURCE(S): LRC Staff
PREPARER: Sarah Watts NOTE NUMBER: 58 REVIEW: JH DATE: 2/28/2024