AN ACT relating to the Kentucky child credit.

Create a new section of KRS Chapter 141 to establish a refundable Kentucky child credit for taxpayers with qualifying children under the age of six; authorize a maximum credit of $1,000 per qualifying child for individuals with income below $50,000 for single taxpayers and $100,000 for married taxpayers filing jointly; provide that individuals with incomes above the specified thresholds may be eligible for a reduced child credit; amend KRS 141.0205 to order the credit; amend KRS 131.190 to allow the Department of Revenue to report on the credit.

Introduced: January 7, 2025

Last action: February 4, 2025

To Appropriations & Revenue (S)

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This bill would create a new state tax credit for Kentucky families with children under age six. Eligible taxpayers could receive up to $1,000 per qualifying child, with the full credit available to single filers earning under $50,000 or married couples filing jointly earning under $100,000. Those earning above those amounts may still qualify for a smaller, reduced credit. Who it may affect: parents and guardians of young children, particularly those in low- to moderate-income households.

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