AN ACT relating to a tax credit for renters.
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, 2027, but before January 1, 2031, in the amount of 25% 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.
Taxation
Landlord and tenant
Taxation, Income--Individual
Reports Mandated
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{# E23 (Nick, ruling section 1 answer 10): quoting a bill or a court opinion works
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opens: the passage goes to the official you choose, with this document's own
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