Introduced

Passed House

Passed Senate

Became law

Adjourned sine die. The bill was pending when the session ended, so it did not pass.

Last action · January 14, 2026

To Appropriations & Revenue (H)

Introduced January 7, 2026

House

Adjourned Sine Die

2026 Regular Session

HB167

AN ACT relating to a tax deduction for theft losses.

Amend KRS 141.019 to allow a deduction for theft losses in accordance with Section 165(e) of the Internal Revenue Code.

Taxation Taxation, Income--Individual

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This bill would allow Kentucky taxpayers to deduct losses from theft on their state income taxes, following the same rules used for federal taxes under the Internal Revenue Code. Currently, Kentucky tax law does not include this deduction, so this change would bring the state in line with existing federal tax policy. Who it may affect: Kentucky residents who have experienced theft and file state income taxes.

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