House Bill 1

Last Action 02/06/25: signed by Governor (Acts Ch. 1) Title AN ACT relating to the individual income tax rate. Bill Documents Acts Chapter 1 Current/Final Introduced Fiscal Impact Statements Fiscal Note Additional Fiscal Impact Statements Exist Bill Request Number 195 Sponsors J. Petrie, S. Rudy, K. Banta, J. Bauman, A. Bowling, J. Branscum, J. Bray, R. Bridges, E. Callaway, M. Clines, S. Dietz, D. Elliott, P. Flannery, K. Fleming, C. Freeland, C. Fugate, D. Gordon, V. Grossl, D. Hale, T. Hampton, M. Hart, S. Heavrin, T. Huff, K. Jackson, DJ Johnson, K. King, M. Koch, W. Lawrence, C. Lewis, M. Lockett, B. McCool, S. McPherson, D. Meade , S. Miles, A. Neighbors, J. Nemes, D. Osborne, J. Payne, S. Riley, T. Roberts, T. Smith, W. Thomas, A. Thompson, T. Truett, K. Upchurch, M. Whitaker, W. Williams Summary of Enacted Version Reduces the individual income tax rate from four percent to 3.5 percent for taxable years beginning on or after January 1, 2026. Legislative History Summary of Original Version Amend KRS 141.020 to reduce the individual income tax rate from 4% to 3.5% for taxable years beginning on or after January 1, 2026. Index Headings of Original Version Taxation, Income--Individual - Tax rate reduction Fiscal Note - Tax rate reduction, individual income tax Taxation - Tax rate reduction, individual income tax Jump to Proposed Amendments House Floor Amendment 1 with Fiscal Impact Statements House Floor Amendment 2 House Floor Amendment 3 with Fiscal Impact Statements House Floor Amendment 4 House Floor Amendment 5 House Floor Amendment 6 with Fiscal Impact Statements House Floor Amendment 7 House Floor Amendment 8 with Fiscal Impact Statements House Floor Amendment 9 with Fiscal Impact Statements House Floor Amendment 10 House Floor Amendment 11 with Fiscal Impact Statements Senate Floor Amendment 1 with Fiscal Impact Statements Senate Floor Amendment 2 Votes Vote History