Bill > HB383

This bill creates a new tax credit to encourage the construction of accessible homes in Kentucky for taxable years 2026 through 2029. An "accessible home" is defined as a newly constructed, single-family residence with specific design features to accommodate individuals with mobility challenges, such as zero-step entrances, wider hallways and doorways, lowered kitchen counters, and accessible bathrooms and bedrooms. Eligible taxpayers who construct these homes can claim a tax credit equal to 5% of total construction costs, not to exceed $5,000 per home. The credit cannot be combined with other tax incentives and does not include land acquisition costs. Taxpayers must submit documentation like blueprints, building permits, and construction receipts to verify the home's accessibility. The Kentucky Department of Revenue is required to report annually to the Legislative Research Commission detailed information about the credit's usage, including the number of homes constructed, total credits claimed, and a breakdown by county and income range. The bill's primary goal is to promote accessible housing and help older adults remain safely in their homes as they age.

Budget and Finance

https://apps.legislature.ky.gov/record/25RS/hb383.html