AN ACT relating to inheritance tax.

Amend KRS 140.070 and 140.080 to include a foster child as a Class A beneficiary and to delete language that only applies to deaths occurring prior to July 1, 1995, or between July 1, 1995, and June 30, 1998; apply to estates of decedents who die on or after July 1, 2025.

Introduced: February 4, 2025

Last action: February 7, 2025

To Appropriations & Revenue (H)

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This bill would change Kentucky's inheritance tax law to treat foster children the same as biological or adopted children when inheriting from a deceased person's estate. Currently, foster children are not listed as "Class A" beneficiaries, which means they may face higher tax rates on inheritances. The bill also removes outdated language from the tax code that only applied to deaths that occurred decades ago. Who it may affect: foster children and the families or guardians who have raised them.

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