Bill > HB159

This bill establishes an "accessible home credit" for taxable years beginning on or after January 1, 2027, and before January 1, 2031, allowing individuals and business entities that construct newly built, single-family residences meeting specific accessibility standards to claim a nonrefundable tax credit. An "accessible home" is defined as a new residence built to comply with local building codes, incorporate universal design and visitability standards, and include features like a main floor bedroom and accessible bathroom, wider hallways and doorways, accessible controls, a zero-step entrance, and lowered kitchen counters. The credit will be equal to 5% of total construction costs, capped at $5,000 per home, and cannot be used for land acquisition or in conjunction with other tax incentives. To claim the credit, taxpayers must provide verification of construction costs and accessibility features with their tax return or as prescribed by the Department of Revenue. The bill also amends existing law to specify the order in which this new credit is applied against other tax credits and allows the Department of Revenue to report on the credit's usage to the General Assembly to evaluate its effectiveness.

Budget and Finance

https://apps.legislature.ky.gov/record/26RS/hb159.html