HB760
Log in to followAN ACT relating to the certified rehabilitation credit and declaring an emergency.
Amend KRS 171.396 to define and redefine certain terms; allow the certified rehabilitation credit cap to be allocated as 15% for owner-occupied residential property and 85% for property other than owner-occupied residential property, including workforce housing; require that projects approved as workforce housing maintain affordability for individuals earning 80% of the county level area median income or less; amend KRS 171.397 to state that the provisions established in this statute pertain to applications received before…
Introduced: February 26, 2026
Last action: March 5, 2026
Plain-language summary
This bill updates Kentucky's tax credit program for rehabilitating historic buildings. It sets aside portions of the existing credit specifically for homes people live in and for workforce housing, and requires that workforce housing projects remain affordable for people earning at or below 80% of the local median income for at least five years after the work is completed. The overall credit cap stays at $100 million but would be split into two separate application…
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