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HB 176 Kentucky House · 2025 Regular Session

AN ACT relating to an income tax credit.

Summary
Create a new section of KRS Chapter 141 to allow a refundable income tax credit for the firearm making tax, firearm special occupational tax, or firearm transfer tax for taxable years beginning on or after January 1, 2026, but before January 1, 2030; amend KRS 141.0205 and 131.190 to order the credit.
Issues: ✓ Budget & TaxesSupports Budget & TaxesCreates refundable tax credit for firearm industry, reducing tax liability - direct tax relief measure under Budget & Taxes95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2025 Last action Feb 4, 2025
Floor votes

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Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
2
Feb 4, 2025
Committee
to Appropriations & Revenue (H)
lower
Jan 9, 2025
Committee
to Committee on Committees (H)
lower
Jan 9, 2025
Introduced
introduced in House
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.