21RS HB 541

Actions

Last Action	02/22/21: to Committee on Committees (H)
Title	AN ACT relating to the home modification tax credit.
Bill Documents	Introduced
Bill Request Number	1814
Sponsor	M. Prunty
Summary of Original Version	Create a new section of KRS Chapter 141 to allow an income tax credit for qualified home modification expenses incurred by an individual equal to the actual cost of the home modifications, up to $7,500 per taxpayer per year; require reporting by the Department of Revenue; amend KRS 141.0205 to order the tax credit; amend KRS 131.190 to allow the Department of Revenue to report information to the Interim Joint Committee on Appropriations and Revenue.
Index Headings of Original Version	Disabilities and the Disabled - Individual income tax, home modification credit Taxation - Individual income tax, home modification credit Taxation, Income--Individual - Home modification credit Reports Mandated - Individual income tax, home modification credit