| Last Action | 02/04/25: to Appropriations & Revenue (S) |
|---|---|
| Title | AN ACT relating to the Kentucky child credit. |
| Bill Documents | Introduced |
| Bill Request Number | 155 |
| Sponsors | C. Armstrong, D. Yates |
| Summary of Original Version | Create a new section of KRS Chapter 141 to establish a refundable Kentucky child credit for taxpayers with qualifying children under the age of six; authorize a maximum credit of $1,000 per qualifying child for individuals with income below $50,000 for single taxpayers and $100,000 for married taxpayers filing jointly; provide that individuals with incomes above the specified thresholds may be eligible for a reduced child credit; amend KRS 141.0205 to order the credit; amend KRS 131.190 to allow the Department of Revenue to report on the credit. |
| Index Headings of Original Version |
State Agencies - Department of Revenue, refundable child credit, annual report Taxation - Individual income tax, refundable child credit, establishment Taxation, Income--Individual - Refundable child credit, establishment Children and Minors - Child credit against taxes imposed for qualifying children under six years, refundable Reports Mandated - Department of Revenue, refundable child credit, annual report |
| 01/07/25 |
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| 02/04/25 |
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Last updated: 7/24/2025 3:26 PM (EDT)