Bill > HB725

This bill allows individuals to deduct the cost of professional membership dues from their state income tax for taxable years beginning on or after January 1, 2027, and before January 1, 2031, provided these dues are not already deductible under federal tax law (Section 162 of the Internal Revenue Code) and are necessary for maintaining a professional license or association membership related to their employment. The bill also requires the Department of Revenue to report annually to the Legislative Research Commission on the number of taxpayers claiming this deduction, the total amount deducted, and the impact on tax liability, with this information being publicly accessible.

Budget and Finance

https://apps.legislature.ky.gov/record/26RS/hb725.html