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HB 559 Kentucky House · 2025 Regular Session

AN ACT relating to a tax credit for renters.

Summary
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, 2026, but before January 1, 2030, in the amount of 25 percent 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.
Issues: ✓ Budget & TaxesSupports Budget & TaxesProvides refundable tax credit for renters (25% of rent up to $1,000), offering direct tax relief to lower/middle-income households.95% confidence ✓ HousingSupports HousingProvides refundable tax credit (25% of rent, up to $1,000) for renters, directly reducing housing costs and increasing affordability for tenants.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 14, 2025 Last action Feb 21, 2025
Floor votes

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Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
2
Feb 21, 2025
Committee
to Appropriations & Revenue (H)
lower
Feb 14, 2025
Committee
to Committee on Committees (H)
lower
Feb 14, 2025
Introduced
introduced in House
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.