| Last Action | 02/07/25: to Appropriations & Revenue (H) |
|---|---|
| Title | AN ACT relating to the home installation credit. |
| Bill Documents | Introduced |
| Bill Request Number | 1245 |
| Sponsors | N. Kulkarni, J. Nemes, G. Brown Jr. |
| Summary of Original Version | Create a new section of KRS Chapter 141 establishing the refundable home installation credit, not to exceed $7,500 annually, for qualifying home installations to increase the habitability or efficiency of the residence for individuals that are age 65 or older or have a physical or mental impairment; effective for taxable years beginning on or after January 1, 2026, but before January 1, 2030; amend KRS 141.0205 to establish ordering of the credit; amend KRS 131.190 to allow information to be provided to the Legislative Research Commission. |
| Index Headings of Original Version |
Disabilities and the Disabled - Individual income tax, refundable home installation credit, establishment Taxation - Individual income tax, refundable home installation credit, establishment Taxation, Income--Individual - Refundable home installation credit, establishment Aged Persons and Aging - Persons age 65 or over, individual income tax, home installation credit Reports Mandated - Department of Revenue, refundable home installations credit, annual report |
| 02/05/25 |
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| 02/07/25 |
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Last updated: 4/1/2025 2:25 PM (EDT)