KY HB195 | 2025 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 10 2025 - 25% progression
Action: 2025-01-10 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 10 2025 - 25% progression
Action: 2025-01-10 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Create a new section of KRS Chapter 141 to define terms; establish a tax deduction for contributions made to an eligible savings account by a first-time home buyer and allow an exclusion from income for any interest earned from an eligible savings account of a first-time home buyer effective for taxable years beginning on or after January 1, 2026, but before January 1, 2036; require the Department of Revenue to report to the Legislative Research Commission and the Interim Joint Committee on Appropriations and Revenue; amend KRS 141.019 and 131.190 to conform.
Title
AN ACT relating to tax incentives for first-time home buyers.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-10 | House | to Committee on Committees (H) |
| 2025-01-10 | House | introduced in House |
Subjects
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | https://apps.legislature.ky.gov/record/25RS/hb195.html |
| Text | https://apps.legislature.ky.gov/recorddocuments/bill/25RS/hb195/orig_bill.pdf |
