26RS HB 426

Actions

Last Action	01/16/26: to Committee on Committees (H)
Title	AN ACT relating to a tax credit for renters.
Bill Documents	Introduced
Bill Request Number	1652
Sponsors	P. Stevenson, A. Gentry
Summary of Original Version	Create a new section of KRS Chapter 141 to establish a refundable qualified rent payment credit for taxable years beginning on or after January 1, 2027, but before January 1, 2031, in the amount of 25% of the qualified rent payments made during the taxable year, not to exceed $1,000; amend KRS 141.0205 to order the 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 Reports Mandated - Qualified rent payment tax credit, annual report Taxation - Qualified rent payments, income tax credit Taxation, Income--Individual - Qualified rent payments, tax credit