26RS HB 489

Actions

Last Action	01/27/26: to Committee on Committees (H)
Title	AN ACT relating to an eligible child tax credit.
Bill Documents	Introduced
Bill Request Number	1785
Sponsors	S. Doan, T. Roberts
Summary of Original Version	Create a new section in KRS Chapter 141 to establish a nonrefundable individual income tax credit for an eligible child; define "eligible child"; allow credit for taxable years beginning on or after January 1, 2027, but before January 1, 2031; establish that the credit amount is equal to $4,000 per eligible child, not to exceed $8,000 per return, per taxable year; 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	Children And Minors - Individual income tax credit, eligible child Taxation - Eligible child, individual income tax credit Taxation, Income--Individual - Eligible child, tax credit Education, Elementary And Secondary - Compulsory attendance, exempt child, income tax credit Reports Mandated - Department of Revenue, eligible child credit