Kentucky
General Assembly

01/07/25	introduced in House to Committee on Committees (H) taken from Committee on Committees (H) 1st reading returned to Committee on Committees (H) to Appropriations & Revenue (H)
01/08/25	reported favorably, 2nd reading, to Rules floor amendments (1), (2-title), (3), (4-title), (5), (6), (7-title), (8), (9), (10-title) and (11) filed posted for passage in the Regular Orders of the Day for Thursday, January 09, 2025

Amendment	House Floor Amendment 1
Fiscal Impact Statement	Fiscal Note to House Floor Amendment 1
Sponsor	C. Aull
Summary	Retain original provisions; and create a new section of KRS Chapter 141 to allow a school employee qualified wage exclusion and establish a school employee tax credit for wages earned in excess of $100,000 per taxable year; amend KRS 141.019 to include the exemption; amend KRS 141.0205 to order the tax credit; amend KRS 131.190 to allow the Department of Revenue to report on the exemption and tax credit.
Index Headings	Fiscal Note - Income exclusion, tax credit, school employees Education, Elementary and Secondary - Tax incentives, school employees Taxation - Exclusion from income, tax credit, school employees Taxation, Income--Individual - Income exclusion, tax credit, school employees Teachers - School employees, tax incentives Reports Mandated - Department of Revenue, school employee qualified wage exclusion and tax credit, report to LRC

Amendment	House Floor Amendment 2
Sponsor	C. Aull
Summary	Make title amendment.
Index Headings	Title Amendments - HB 1

Amendment	House Floor Amendment 3
Fiscal Impact Statement	Fiscal Note to House Floor Amendment 3
Sponsor	E. Hancock
Summary	Retain original provisions, amend KRS 141.019 to exclude all income earned from all sources by a state service employee for taxable years beginning on or after January 1, 2026.
Index Headings	Fiscal Note - Exclusion of income from individual income tax, state employees State Employees - Exclusion of income from individual income tax Taxation - Exclusion of income from individual income tax, state employee Taxation, Income--Individual - Exclusion of income from individual income tax, state employees

Amendment	House Floor Amendment 4
Sponsor	E. Hancock
Summary	Make title amendment.
Index Headings	Title Amendments - HB 1

Amendment	House Floor Amendment 5
Sponsor	S. Doan
Summary	Amend KRS 141.020 to reduce the individual income tax rate by one percentage point for each taxable year, starting with a rate of 3% for taxable years beginning on or after January 1, 2025.
Index Headings	Taxation - Individual income tax rate, reduction Taxation, Income--Individual - Tax rate, reduction

Amendment	House Floor Amendment 6
Fiscal Impact Statement	Fiscal Note to House Floor Amendment 6
Sponsor	A. Moore
Summary	Retain original provisions; amend KRS 141.019 to exclude income earned by veterans.
Index Headings	Taxation - Income of veterans, income tax exclusion Taxation, Income--Individual - Income tax exclusion, income of veterans Veterans - Income tax exclusion Fiscal Note - Income tax exclusion, income of veterans

Amendment	House Floor Amendment 7
Sponsor	A. Moore
Summary	Make title amendment.
Index Headings	Title Amendments - HB 1

Amendment	House Floor Amendment 8
Fiscal Impact Statement	Fiscal Note to House Floor Amendment 8
Sponsor	A. Camuel
Summary	Amend KRS 141.020 to create graduated tax rates based on income for taxable years beginning on or after January 1, 2026.
Index Headings	Taxation - Graduated tax rates, individual income tax Taxation, Income--Individual - Graduated tax rates Fiscal Note - Graduated tax rates, individual income tax

Amendment	House Floor Amendment 9
Fiscal Impact Statement	Fiscal Note to House Floor Amendment 9
Sponsor	R. Roarx
Summary	Retain original provisions, amend KRS 139.200 to remove certain services for which sales tax is imposed upon.
Index Headings	Taxation - Sales tax, certain services, removal Taxation, Sales and Use - Certain services on which a sales tax is imposed, removal Fiscal Note - Sales tax, certain services, removal

Amendment	House Floor Amendment 10
Sponsor	R. Roarx
Summary	Make title amendment.
Index Headings	Title Amendments - HB 1

Amendment	House Floor Amendment 11
Fiscal Impact Statement	Fiscal Note to House Floor Amendment 11
Sponsor	A. Donworth
Summary	Delete original provisions; create a new section of KRS Chapter 141 to establish a refundable Kentucky child tax 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; authorize individuals with incomes above the specified thresholds to be eligible for a reduced child tax credit; amend KRS 141.0205 to order the tax credit; amend KRS 131.190 to allow the Department of Revenue to report on the tax credit.
Index Headings	Children and Minors - Child tax credit for qualifying children under six years, refundable Taxation - Refundable child tax credit, income tax Taxation, Income--Individual - Refundable child tax credit Fiscal Note - Refundable child tax credit