summary
Introduced
01/07/2026
01/07/2026
In Committee
01/14/2026
01/14/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Amend KRS 141.020, relating to the individual income tax, to establish graduated individual income tax rates for taxable years beginning on or after January 1, 2027; remove provisions relating to tax rate reduction procedures.
AI Summary
This bill amends Kentucky Revised Statutes (KRS) 141.020 to establish a graduated individual income tax rate structure for taxable years beginning on or after January 1, 2027, meaning that the tax rate will vary based on income levels, with higher incomes potentially facing higher rates. It also removes provisions that previously outlined procedures for reducing tax rates, indicating a shift towards a fixed, tiered tax system rather than one that could be adjusted based on certain financial conditions.
Committee Categories
Budget and Finance
Sponsors (11)
Lisa Willner (D)*,
Tina Bojanowski (D),
George Brown (D),
Adrielle Camuel (D),
Beverly Chester-Burton (D),
Anne Donworth (D),
Erika Hancock (D),
Mary Marzian (D),
Sarah Stalker (D),
Pamela Stevenson (D),
Joshua Watkins (D),
Last Action
to Appropriations & Revenue (H) (on 01/14/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://apps.legislature.ky.gov/record/26RS/hb152.html |
| BillText | https://apps.legislature.ky.gov/recorddocuments/bill/26RS/hb152/orig_bill.pdf |
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