AN ACT relating to the taxation of income received by a minor.

HB 471 would exempt all income earned by minors (individuals under age 18 at year-end) from Kentucky state income tax, effective for tax years starting January 1, 2026. This change directly affects minor residents of Kentucky who earn income from any source, including jobs, investments, or other earnings. The bill amends Kentucky's tax code to add a new exclusion for "all income from all sources" received by minors, removing it from taxable income calculations. This policy shift eliminates state income tax on minor children's earnings, aligning Kentucky's tax treatment with federal policy for minor income.