26RS HB 870

House Bill 870

Actions

Last Action	03/03/26: to Committee on Committees (H)
Title	AN ACT relating to public transportation, making an appropriation therefor, and declaring an emergency.
Bill Documents	Introduced
Bill Request Number	858
Sponsor	J. Watkins
Summary of Original Version	Amend KRS 96A.096 to include voluntary contributions by a Kentucky employer up to 0.05% of the Kentucky employer's total payroll in the Kentucky public transportation development fund; require the fund to be administered by the Transportation Cabinet; require the moneys received from the voluntary contributions to be used for providing public transit for workforce mobility needs; specify how the moneys in the fund for public transit are distributed; require annual reporting to the Transportation Cabinet from each public transit system that receives money from the fund; require annual reporting from the Transportation Cabinet to the Legislative Research Commission; create a new section of KRS Chapter 141 to define "public transportation contribution," "Kentucky public transportation development fund," and "transit authority"; establish the public transportation contribution credit for taxes imposed in KRS 141.020 or 141.040 and 141.0401 for public transportation contributions provided by a Kentucky employer; limit the credit to 50% of the total amount of the public transportation contribution made for the taxable year by the employer; require annual reporting by the Department of Revenue on the credits claimed; amend KRS 141.0205 to order the credits; amend KRS 131.190 to allow the Department of Revenue to report on the credit; appropriate $30 million in general fund moneys in each fiscal year of the 2026-2028 biennium to the Kentucky public transportation development fund; APPROPRIATION; EMERGENCY.
Index Headings of Original Version	Appropriations - Kentucky public transportation development fund Effective Dates, Emergency - Public transit funding, public transportation contribution credit; appropriation Funds - Kentucky public transportation development fund Motor Vehicles - Public transit funding, public transportation contribution credit; appropriation Reports Mandated - Department of Revenue, public transportation contribution credit Reports Mandated - Transportation Cabinet, Kentucky public transportation development fund State Agencies - Department of Revenue, public transportation contribution credit State Agencies - Transportation Cabinet, Kentucky public transportation development fund Taxation - Income tax, public transportation contribution credit Taxation, Income--Corporate - Public transportation contribution credit Taxation, Income--Individual - Public transportation contribution credit Transportation - Public transit funding, public transportation contribution credit and appropriation Workforce - Public transit funding, public transportation contribution credit; appropriation