HB 27 KY
AN ACT relating to contributions made to a Kentucky Saves account.
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Summary
Amend KRS 141.019 to establish an individual income tax exclusion for amounts contributed to a Kentucky Saves account for taxable years beginning on or after January 1, 2027, but before January 1, 2031; create a new section of KRS Chapter 141 to establish the parameters for the Kentucky Saves exclusion and to establish the Kentucky Saves tax credit; define terms; require the Department of Revenue to report annually on the exclusion and tax credit; amend KRS 141.0205 to provide ordering of the tax credit; amend KRS 131.190 to allow the Department of Revenue to report on the exclusion and tax credit.
Sponsors (2)
- L. Burke Democratic · primary
- G. Brown Jr. Democratic · primary
Action history (3)
- Jan 6, 2026 introduced in House · lower
- Jan 6, 2026 to Committee on Committees (H) · lower
- Jan 13, 2026 to Appropriations & Revenue (H) · lower
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