Bill > SB34

This bill establishes three new tax credits in Kentucky to support victims of domestic violence and organizations that help them. First, it creates a nonrefundable tax credit for qualified monetary or property contributions to domestic violence shelters and rape crisis centers, allowing taxpayers to claim up to 70% of their contributions, not exceeding $50,000 per year. Second, the bill provides a $500 tax credit for landlords who rent residential units to protected tenants with valid protective orders, requiring tenants' identifying information to be submitted with the credit claim. Third, the bill offers a $1,000 tax credit for taxpayers who convert condemned property into a domestic violence shelter. These credits are available for taxable years from 2026 to 2030 and will be subject to specific reporting requirements to help the state evaluate their effectiveness. The bill also modifies existing tax laws to prevent taxpayers from claiming both the new tax credits and existing charitable contribution deductions, ensuring that the credits are applied in a specific order alongside other existing tax credits. The goal is to provide financial incentives that support domestic violence victims and the organizations that serve them.

Budget and Finance

https://apps.legislature.ky.gov/record/25RS/sb34.html