Proposed Amendments

Amendment House Floor Amendment 1 Fiscal Impact Statement Fiscal Note to House Floor Amendment 1 Sponsor C. Aull Summary Retain original provisions; and create a new section of KRS Chapter 141 to allow a school employee qualified wage exclusion and establish a school employee tax credit for wages earned in excess of $100,000 per taxable year; amend KRS 141.019 to include the exemption; amend KRS 141.0205 to order the tax credit; amend KRS 131.190 to allow the Department of Revenue to report on the exemption and tax credit. Index Headings Fiscal Note - Income exclusion, tax credit, school employees Education, Elementary and Secondary - Tax incentives, school employees Taxation - Exclusion from income, tax credit, school employees Taxation, Income--Individual - Income exclusion, tax credit, school employees Teachers - School employees, tax incentives Reports Mandated - Department of Revenue, school employee qualified wage exclusion and tax credit, report to LRC

Amendment House Floor Amendment 2 Sponsor C. Aull Summary Make title amendment. Index Headings Title Amendments - HB 1

Amendment House Floor Amendment 3 Fiscal Impact Statement Fiscal Note to House Floor Amendment 3 Sponsor E. Hancock Summary Retain original provisions; amend KRS 141.019 to exclude all income earned from all sources by a state service employee for taxable years beginning on or after January 1, 2026. Index Headings Fiscal Note - Exclusion of income from individual income tax, state employees State Employees - Exclusion of income from individual income tax Taxation - Exclusion of income from individual income tax, state employee Taxation, Income--Individual - Exclusion of income from individual income tax, state employees

Amendment House Floor Amendment 4 Sponsor E. Hancock Summary Make title amendment. Index Headings Title Amendments - HB 1

Amendment House Floor Amendment 5 Sponsor S. Doan Summary Amend KRS 141.020 to reduce the individual income tax rate by one percentage point for each taxable year, starting with a rate of three percent for taxable years beginning on or after January 1, 2025. Index Headings Taxation - Individual income tax rate, reduction Taxation, Income--Individual - Tax rate, reduction

Amendment House Floor Amendment 6 Fiscal Impact Statement Fiscal Note to House Floor Amendment 6 Sponsor A. Moore Summary Retain original provisions; amend KRS 141.019 to exclude income earned by veterans. Index Headings Taxation - Income of veterans, income tax exclusion Taxation, Income--Individual - Income tax exclusion, income of veterans Veterans - Income tax exclusion Fiscal Note - Income tax exclusion, income of veterans

Amendment House Floor Amendment 7 Sponsor A. Moore Summary Make title amendment. Index Headings Title Amendments - HB 1

Amendment House Floor Amendment 8 Fiscal Impact Statement Fiscal Note to House Floor Amendment 8 Sponsor A. Camuel Summary Amend KRS 141.020 to create graduated tax rates based on income for taxable years beginning on or after January 1, 2026. Index Headings Taxation - Graduated tax rates, individual income tax Taxation, Income--Individual - Graduated tax rates Fiscal Note - Graduated tax rates, individual income tax

Amendment House Floor Amendment 9 Fiscal Impact Statement Fiscal Note to House Floor Amendment 9 Sponsor R. Roarx Summary Retain original provisions; amend KRS 139.200 to remove certain services for which sales tax is imposed upon. Index Headings Taxation - Sales tax, certain services, removal Taxation, Sales and Use - Certain services on which a sales tax is imposed, removal Fiscal Note - Sales tax, certain services, removal

Amendment House Floor Amendment 10 Sponsor R. Roarx Summary Make title amendment. Index Headings Title Amendments - HB 1

Amendment House Floor Amendment 11 Fiscal Impact Statement Fiscal Note to House Floor Amendment 11 Sponsor A. Donworth Summary Delete original provisions; create a new section of KRS Chapter 141 to establish a refundable Kentucky child tax credit for taxpayers with qualifying children under the age of six; authorize a maximum credit of $1,000 per qualifying child for individuals with income below $50,000 for single taxpayers and $100,000 for married taxpayers filing jointly; authorize individuals with incomes above the specified thresholds to be eligible for a reduced child tax credit; amend KRS 141.0205 to order the tax credit; amend KRS 131.190 to allow the Department of Revenue to report on the tax credit. Index Headings Children and Minors - Child tax credit for qualifying children under six years, refundable Taxation - Refundable child tax credit, income tax Taxation, Income--Individual - Refundable child tax credit Fiscal Note - Refundable child tax credit

Amendment Senate Floor Amendment 1 Fiscal Impact Statement Fiscal Note to Senate Floor Amendment 1 Sponsor G. Williams Summary Delete all original provisions; amend KRS 141.020 to establish individual income tax rate reductions starting with taxable years beginning on or after January 1, 2026, through January 1, 2030. Index Headings Taxation - Individual income tax rate Taxation, Income--Individual - Tax rate reduction Fiscal Note - Tax rate reduction, individual income tax

Amendment Senate Floor Amendment 2 Sponsor G. Williams Summary Retain original provisions; insert additional percentages by which future individual income tax rates may be reduced. Index Headings Taxation - Individual income tax rate, reduction Taxation, Income--Individual - Tax rates, reduction

Last updated: 7/24/2025 3:26 PM ( EDT )