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HB 489

Kentucky - Session 26RS

House of Representatives in_committee 2026-02-03
Bill Details

Title: AN ACT relating to an eligible child tax credit.

Summary

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."

Sponsor
Steven Doan
Official Source Back to Bills
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Actions Timeline
Date Event Detail
2026-01-27 Introduced Bill introduced
2026-02-03 Status in_committee
2026-02-03 Latest Action 02/03/26: to Appropriations & Revenue (H)
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