summary
Introduced
01/20/2026
01/20/2026
In Committee
01/28/2026
01/28/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Amend KRS 140.070 and 140.080 to include a foster child as a Class A beneficiary and to delete language that only applies to deaths occurring prior to July 1, 1995, or between July 1, 1995, and June 30, 1998; apply to estates of decedents who die on or after August 1, 2026.
AI Summary
This bill amends Kentucky Revised Statutes (KRS) 140.070 and 140.080 to include a foster child as a Class A beneficiary, meaning they will be treated similarly to immediate family members like parents, spouses, and biological or adopted children for inheritance tax purposes. The bill also removes outdated language related to inheritance tax rates and exemptions that only applied to deaths occurring before July 1, 1998, simplifying the law. These changes will take effect for the estates of individuals who die on or after August 1, 2026.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
to Appropriations & Revenue (H) (on 01/28/2026)
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/hb435.html |
| BillText | https://apps.legislature.ky.gov/recorddocuments/bill/26RS/hb435/orig_bill.pdf |
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