Kentucky Bills

Amend KRS 164.515 to allow the spouse or a child under the age of 26 of a disabled veteran free tuition at public universities, colleges, or vocational traiing institutions for up to 128 credit hours of undergraduate instruction.

Amend KRS 405.021 to establish factors for a court to consider in determining the visitation rights of grandparents; amend KRS 620.090 to conform; make technical changes.

Amend KRS 164.092 to remove the definition of "equilibrium" and all references to equilibrium; require that university resources shall be allocated without weighting; require the postsecondary working group to meet every odd year; make technical amendments.

Create a new section of KRS Chapter 91A to define terms; require 100% of the wages of an employee associated with the corporate office to be apportioned to the local government where the corporate office is located; exclude wages for work performed at a satellite office; require 100% of the wages of an employee assigned to a state government office to be apportioned to the local government where the state government office is located; allow a refund claim for occupational license fees paid for work physically performed outside of the local government's jurisdiction; establish requirements for refunds; amend KRS 67.780 to conform; apply the apportionment and refund requirements to incentive agreements entered into or amended on or after the effective date of the Act.

Amend KRS 141.019, relating to income tax, to define "professional membership dues" and "union dues"; allow a deduction from gross income for union dues and professional membership dues paid for taxable years beginning on or after January 1, 2027, but before January 1, 2031, and require the Department of Revenue to annually report information about this deduction to the Legislative Research Commission; amend KRS 131.190 to allow the department to report on the exclusion.

Amend KRS 369.130 to add and modify various definitions; create a new section of KRS 369.130 to 369.139 to prohibit the Commonwealth of Kentucky and governing authorities from issuing, recognizing as legal tender, accepting or requiring as payment, or participating in any test of central bank digital currency; create new sections of KRS 369.130 to 369.139 and KRS Chapter 393 to prohibit ownership of digital asset mining businesses by prohibited foreign parties; provide for enforcement by Attorney General and penalties for violation of prohibited foreign party prohibition; establish distribution of proceeds if digital asset mining business property is escheated due to a violation; amend KRS 45.345 to conform; amend KRS 42.500 to make technical corrections; permit the State Investment Commission to invest up to 10% of excess funds in bullion; prohibit State Investment Commission from investing in central bank digital currency; amend KRS 42.525 to make technical corrections; authorize the State Investment Commission to promulgate administrative regulations to carry out and effectuate certain authorized investments; establish Subtitle 13 of KRS Chapter 286 and create new sections thereof to regulate virtual currency kiosks; establish definitions; provide for enforcement by the commissioner of the Department of Financial Institutions; establish license requirements for virtual currency kiosks; require regulatory filings to be submitted to a nationwide licensing system registry; establish initial and renewal application processes and requirements, reporting, surety bond and tangible net worth, and change of control requirements for virtual currency kiosk operators; require the commissioner to promulgate administrative regulations to establish format, document submission, fee, and trade practice requirements for virtual currency kiosk operators; establish record retention requirements for persons required to be licensed as virtual currency kiosk operators; establish trade practice requirements relating to protection of resident assets, virtual currency kiosk transactions, prohibited practices, and fraud and information security compliance procedures; authorize the commissioner to conduct investigations and examinations; provide for the confidentiality of certain documents provided to the commissioner; authorize the commissioner to share, disclose, and report information and take other actions to assist in the commissioner's duties; require the commissioner to submit an annual licensing report to the Legislative Research Commission; establish due process requirements for adverse actions taken by the commissioner against licensees and other persons; establish requirements for the denial, suspension, or revocation of a license; authorize the commissioner to enter cease and desist orders and emergency orders; authorize the commissioner to order civil penalties against persons that violate the subtitle; create a new section of KRS Chapter 41 to define terms; recognize gold specie and silver specie as legal tender in Kentucky; provide for use of gold specie and silver specie as legal tender; require the State Treasurer to promulgate administrative regulations in accordance with KRS Chapter 13A to designate or establish a bullion depository and authorize 1 or more electronic payment systems to facilitate electronic payment transactions; establish requirements for system participants, transaction information, and bullion deposits; require the State Treasurer to submit an annual report to the Legislative Research Commission and to implement the system within 1 year; provide that Section 32 of the Act may be cited as the Kentucky Transactional Gold and Silver Act; require the commissioner of the Department of Financial Institutions to promulgate any required emergency and ordinary administrative regulations on or before January 1, 2027; EFFECTIVE, in part, March 31, 2027.

Create new sections of Subchapter 40 of KRS Chapter 224 to define "advanced recovery facility," "circular energy economy," "circular energy facility," and "energy carriers"; declare legislature finding regarding the landfilling of wastes as an obsolete method of waste management and promotion of a circular energy economy using circular energy facilities; create a Circular Economy and Advanced Recovery Advisory Council attached to the Energy and Environment Cabinet; identify members of the council and meeting schedule; require the council to make recommendations on policies that advance a circular energy economy using advanced recovery technologies; set forth the duties of the council; require the council to prepare an annual report to be submitted to the Legislative Research Commission by December 30 of each year; prohibit local governments and special districts from banning circular energy or advanced recovery facilities in their jurisdiction.