22RS HB 696

Actions

Last Action	03/01/22: to Committee on Committees (H)
Title	AN ACT relating to a tax credit for renters.
Bill Documents	Introduced
Bill Request Number	2051
Sponsor	P. Stevenson
Summary of Original Version	Create a new section of KRS Chapter 141 to establish a refundable renter tax credit for taxable years beginning on or after January 1, 2023, but before January 1, 2027, in the amount of 25 percent of the qualified rent payments made during the taxable year, not to exceed $1,000; amend KRS 141.0205 to order the tax credit; amend KRS 131.190 to allow reporting by the Department of Revenue.
Index Headings of Original Version	Landlord and Tenant - Qualified rent payments, income tax credit Taxation - Qualified rent payments, income tax credit Taxation, Income--Individual - Qualified rent payments, tax credit