Create a new section to KRS Chapter 141 to provide employers a tax credit for contributions to an employee's Kentucky Educational Savings Plan Trust account or STABLE Kentucky account; amend KRS 141.0205 to specify ordering of the credit; amend KRS 131.190 to allow the Department of Revenue to report on the credit.
Propose to create a new section of the Constitution of Kentucky to create spending limits and restrictions on imposing new taxes, tax rate increases, fees, or extension of expiring taxes; provide ballot language; submit to voters for ratification or rejection.
Create a new section of KRS Chapter 11 to require the Governor to request permission from the State Treasurer to use tax dollars for international travel; prohibit the use of tax dollars for international travel by the Governor without approval.
Amend KRS 139.470 to exempt gross receipts derived from aircraft sold and delivered in this state to a resident of another state from sales and use tax; EFFECTIVE August 1, 2026.
Amend KRS 139.010, relating to sales and use taxes, to define "ammunition," "antique firearm," "body armor," firearm," "firearm muffler or silencer," "firearm-related accessory," "firearm safety course," "firearm safety device," and "firearm storage device"; amend KRS 139.480 to exempt ammunition, antique firearms, body armor, firearms, firearm-related accessories, firearm safety courses, firearm safety devices, firearm storage devices, noise cancelling ear protection, and admissions or program fees related to certain firearm-related activities; EFFECTIVE August 1, 2026.
HB 28 repeals Kentucky's Education Opportunity Account Program by removing its associated tax credit (KRS 141.522) from the state's tax code. This bill eliminates the specific tax credit that allowed taxpayers to claim benefits under the Education Opportunity Account Program. The change directly affects individuals or entities that previously claimed this credit, discontinuing the program's tax incentive component. The bill focuses solely on removing this provision from existing tax credit ordering rules, with no new program or funding established.
HB 82 modifies Kentucky's tax code to exclude capital gains and capital losses from the sale or exchange of currency (like foreign coins) or bullion (precious metals) from taxable income. This change directly affects Kentucky residents and businesses that buy, sell, or trade physical currency or precious metals, such as gold or silver coins. The bill amends Section 141.019 of Kentucky law to implement this exclusion, effective for tax years starting January 1, 2027. It removes these transactions from state income tax calculations, aligning Kentucky's treatment with federal rules for such sales.
Amend KRS 139.495 to define "educational or charitable institution" and "religious institution"; exempt purchases and sales of tangible personal property, digital property, or services made by qualifying religious institutions from state sales and use taxes; make technical changes.
Amend KRS 139.480, relating to the sales and use taxes, to exempt bees used in a commercial enterprise for the production of honey or wax for sale or for the pollination of crops, and certain items used in that pursuit; EFFECTIVE August 1, 2026.
Amend KRS 65.013 to create a cause of action for violations of the use of tax dollars to advocate for or against public questions on the ballot or to lobby or participate in executive agency lobbying; establish time limitation to commence suit and appropriate venue; provide damages recoverable per violation; allow for a class action; prohibit persons held civilly liable from holding a position of public trust or profit for 10 years; create a new section of KRS Chapter 65 to establish a criminal penalty and a prohibition against holding a position of public trust or profit for 10 years for individuals found guilty of a violation.
