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 13, 2026

To Appropriations & Revenue (H)

Introduced January 6, 2026

House

Adjourned Sine Die

2026 Regular Session

HB27

AN ACT relating to contributions made to a Kentucky Saves account.

Amend KRS 141.019 to establish an individual income tax exclusion for amounts contributed to a Kentucky Saves account for taxable years beginning on or after January 1, 2027, but before January 1, 2031; create a new section of KRS Chapter 141 to establish the parameters for the Kentucky Saves exclusion and to establish the Kentucky Saves tax credit; define terms; require the Department of Revenue to report annually on the exclusion and tax credit; amend…

Reports Mandated Education, Finance Taxation Taxation, Income--Individual

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This bill would create a state income tax benefit for Kentuckians who contribute to a Kentucky Saves account, a type of savings program, starting in tax year 2027 and running through 2030. Contributions to these accounts could be excluded from taxable income, and a related tax credit would also be established. The Department of Revenue would be required to report annually on how the exclusion and credit are being used. Who it may affect: Kentucky residents who contribute to a Kentucky Saves savings account and file state income taxes.

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