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 · February 3, 2026

To Appropriations & Revenue (H)

Introduced January 27, 2026

House

Adjourned Sine Die

2026 Regular Session

HB489

AN ACT relating to an eligible child tax credit.

Create a new section in KRS Chapter 141 to establish a nonrefundable individual income tax credit for an eligible child; define "eligible child"; allow credit for taxable years beginning on or after January 1, 2027, but before January 1, 2031; establish that the credit amount is equal to $4,000 per eligible child, not to exceed $8,000 per return, per taxable year; amend KRS 141.0205 to order the credit; amend KRS 131.190 to allow the Department of Revenue to report on the credit.

Children and Minors Taxation Taxation, Income--Individual Education, Elementary and Secondary Reports Mandated

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This bill would create a new state income tax credit for Kentucky families with qualifying children, available for tax years 2027 through 2030. The credit would reduce the amount of state income taxes owed by up to $4,000 per eligible child, with a maximum of $8,000 per tax return per year. Because the credit is nonrefundable, it can lower a family's tax bill to zero but would not result in a refund if the credit exceeds taxes owed. Who it may affect: Kentucky residents who file individual state income taxes and have qualifying children.

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