| Last Action | 02/21/25: to Appropriations & Revenue (H) |
|---|---|
| Title | AN ACT relating to housing and making an appropriation therefor. |
| Bill Documents | Introduced |
| Fiscal Impact Statement | Local Mandate |
| Bill Request Number | 1002 |
| Sponsors | J. Watkins, L. Burke, C. Aull, T. Bojanowski, G. Brown Jr., A. Camuel, B. Chester-Burton, A. Donworth, A. Gentry, E. Hancock, M. Lehman, A. Moore, R. Roarx, S. Stalker, P. Stevenson, A. Tackett Laferty, L. Willner |
| Summary of Original Version | Create a new section of KRS Chapter 198A to create the affordable housing loan pool fund to be administered by the Kentucky Housing Corporation to provide rehabilitation and construction loans to eligible entities; specify terms and process; create a new section of KRS Chapter 194A to create the homelessness prevention fund to be administered by the Cabinet for Health and Family Services for continuum of care funds; specify eligible uses and eligible entities; amend KRS 198A.080 to modify criteria for housing development loan fund, require notice of eligible funds, and allow expenditure of funds for technical and administrative costs; create new section of KRS Chapter 198A to establish parameters by which the Kentucky Housing Corporation shall review and approve the affordable housing credit; create a new section of KRS Chapter 141 to establish the affordable housing credit; amend KRS 141.0205 to order the credit; amend KRS 131.190 to allow the Department of Revenue to report on the credits; repeal, reenact, and amend KRS 141.437 to reinstate the ENERGY STAR home credit to allow, in addition to prior credits, credit for the construction of an ENERGY STAR multifamily building; repeal, reenact, and amend KRS 141.435 to define terms; repeal, reenact, and amend KRS 141.436 to establish updated requirements for an energy efficiency credit; amend KRS 141.0205 to conform; amend KRS 131.190 to conform; amend KRS 139.480 to exempt the sale or purchase of new modular homes and new manufactured homes from sales and use tax on and after July 1, 2025 and before July 1, 2036 if they are to be used as a single-family residence and permanently affixed to real estate; amend KRS 142.400 to impose a 1% statewide surtax on the rental of accommodations when charged by the owner of the property or by a person facilitating the rental of the property and deposit the receipts from the surtax into the Kentucky affordable housing trust fund; amend KRS 42.580, 142.402, 142.404, 142.406, and 198A.190 to conform; amend KRS 132.810 to increase the frequency of the property tax homestead exemption cost of living adjustment to annually instead of biennially; create a new section of KRS Chapter 100 to define terms; allow religious institutions to develop affordable housing with only a ministerial submission to review by a planning unit for compliance with the provisions of the section if the development is on land owned by a religious institution, exclusively contains affordable housing for a period of 10 years, and contains fewer than 25 units; allow for religious institutions to propose an affordable housing development exceeding 25 units but require a public meeting and approval by the planning commission; allow the Kentucky Housing Corporation to provide technical and advisory resources to a religious developer; create a new section of KRS Chapter 383 to provide automatic expungement of records in actions for forcible entry and detainer; amend KRS 383.250 to provide for sealing of records; amend KRS 198A.027 to allow appropriations to be used for homeless initiatives; appropriate $104 million from the Budget Reserve Trust Fund account for various affordable housing initiatives; repeal KRS 65.874 and 383.198; APPROPRIATION. |
| Index Headings of Original Version |
Courts, District - Actions for forcible entry and detainer, expungement of records Courts, District - Actions for forcible entry and detainer, sealing of records Disabilities and the Disabled - Property tax, homestead exemption, cost of living adjustment Energy - Energy efficiency credit, income tax Energy - ENERGY STAR credit, income tax Housing, Building, and Construction - Affordable housing credit, new construction or substantial rehabilitation Housing, Building, and Construction - Affordable housing loan pool fund, establishment Housing, Building, and Construction - Affordable Housing Trust Fund, surtax receipts on rental of accommodations, deposit Housing, Building, and Construction - ENERGY STAR credit, construction Housing, Building, and Construction - Homelessness prevention fund, establishment Housing, Building, and Construction - Housing development fund, modification Housing, Building, and Construction - Religious institutions, development of affordable housing Housing, Building, and Construction - Affordable housing, omnibus bill Land Use - Religious institutions, development of affordable housing Landlord and Tenant - Actions for forcible entry and detainer, expungement of records Landlord and Tenant - Actions for forcible entry and detainer, sealing of records Local Government - Affordable housing loan pool fund, establishment Local Government - Homelessness prevention fund, establishment Local Government - Religious institutions, development of affordable housing Planning and Zoning - Religious institutions, development of affordable housing Poverty - Affordable housing loan pool fund, establishment Poverty - Homelessness prevention fund, establishment Poverty - Housing development fund, modification Property - Energy efficiency income tax credit, home improvements Property - Energy STAR credit, construction of new homes Property - Religious institutions, development of affordable housing Religion - Religious institutions, development of affordable housing State Agencies - Cabinet for Health and Family Services, homelessness prevention fund, establishment State Agencies - Department of Revenue, property tax, homestead exemption, cost of living adjustment State Agencies - Kentucky Housing Corporation, affordable housing loan pool fund, establishment State Agencies - Kentucky Housing Corporation, housing development fund, modification Taxation - Income tax credits, ENERGY STAR and energy efficiency Taxation - Income tax, affordable housing credit Taxation - Property tax, homestead exemption, cost of living adjustment Taxation - Sales and use tax, manufactured homes, exemption Taxation - Sales and use tax, modular homes, exemption Taxation - Statewide transient room surtax, imposition Taxation, Income--Corporate - Affordable housing credit Taxation, Income--Corporate - ENERGY STAR credit Taxation, Income--Individual - Affordable housing credit Taxation, Income--Individual - ENERGY STAR credit Taxation, Property - Homestead exemption, cost of living adjustment Taxation, Sales and Use - Manufactured homes, exemption Taxation, Sales and Use - Modular homes, exemption Tourism - Statewide transient room surtax, imposition Aged Persons and Aging - Property tax, homestead exemption, cost of living adjustment Appropriations - Affordable housing loan pool fund Appropriations - Homelessness prevention fund Appropriations - Housing development fund Budget and Financial Administration - Affordable housing loan pool fund, establishment Budget and Financial Administration - Homelessness prevention fund Budget and Financial Administration - Housing development fund, modification Civil Actions - Actions for forcible entry and detainer, expungement of records Civil Actions - Actions for forcible entry and detainer, sealing of records Civil Procedure - Actions for forcible entry and detainer, expungement of records Civil Procedure - Actions for forcible entry and detainer, sealing of records Local Mandate - Housing |
| 02/14/25 |
|
|---|---|
| 02/21/25 |
|
Last updated: 2/21/2025 2:47 PM (EST)