26RS HB 446

Actions

Last Action	01/21/26: to Committee on Committees (H)
Title	AN ACT relating to the home installation credit.
Bill Documents	Introduced
Bill Request Number	810
Sponsors	N. Kulkarni, J. Nemes, C. Lewis
Summary of Original Version	Create a new section of KRS Chapter 141 establishing the refundable home installation credit, not to exceed $7,500 annually, for qualifying home installations to increase the habitability or efficiency of the residence for individuals that are age 65 or older or have a physical or mental impairment; effective for taxable years beginning on or after January 1, 2027, but before January 1, 2031; amend KRS 141.0205 to establish ordering of the credit; amend KRS 131.190 to allow information to be provided to the Legislative Research Commission.
Index Headings of Original Version	Aged Persons And Aging - Persons age 65 or over, individual income tax, home installation credit Reports Mandated - Department of Revenue, refundable home installation credit, annual report Taxation - Individual income tax, refundable home installation credit, establishment Taxation, Income--Individual - Refundable home installation credit, establishment