Bill > HB446

This bill establishes a new refundable home installation credit, capped at $7,500 annually, for eligible individuals aged 65 or older or those with a physical or mental impairment, to help cover the costs of home upgrades that improve habitability, efficiency, or accessibility. These upgrades must involve energy-efficient products certified by the EPA and Department of Energy, or sustainable materials, and be installed in the individual's primary residence. The credit will be available for taxable years beginning on or after January 1, 2027, and before January 1, 2031. The bill also amends existing laws to specify the order in which this new credit is applied against other tax credits, ensuring it is applied after most nonrefundable credits but before certain other refundable credits, and allows the Department of Revenue to share information about this credit with the Legislative Research Commission for evaluation purposes.

Budget and Finance

https://apps.legislature.ky.gov/record/26RS/hb446.html