HB 14 allocates $355 million from the General Fund for fiscal year 2026-27 to a revolving loan fund providing competitive grants to rural hospitals in Kentucky. These grants help rural hospitals stabilize operations and modernize facilities by covering costs like equipment upgrades and operational expenses. The bill declares an emergency to allow immediate funding after passage, bypassing standard implementation timelines. This directly affects rural hospitals facing financial strain, offering targeted support to maintain critical healthcare access in underserved communities.
Create a new section of KRS Chapter 141 to establish an eligible caregiver credit against the tax imposed in KRS 141.020; amend KRS 141.0205 to order the credit; amend KRS 131.190 to allow the Department of Revenue to report on the credit.
Propose to create a new section of the Constitution of Kentucky to exempt homeowners who are 65 years of age or older from any increase in the valuation of their permanent residence that is assessed after the later of the year the homeowner turned 65 or the year the homeowner acquired the property; require the exemption to be in addition to the exemption provided in Section 170 of the Constitution of Kentucky; apply the exemption only to increases occurring until the assessed value of the property is $500,000; prohibit exempting increases occurring after the real property is assessed above $500,000; require the $500,000 to be indexed every 2 years; require any portion of the assessed value previously exempted under this section to retain its exempt status as long as the real property continues to be maintained as the permanent residence of the owner who is 65 years of age or older; require the exemption to be notwithstanding Sections 171, 172, and 174 of the Constitution of Kentucky; apply the exemption to increases in valuation that occur after the date the amendment is ratified by the voters; provide ballot language; submit to voters for ratification or rejection.
Propose to create a new section of the Constitution of Kentucky to provide homeowners who are 65 years of age or older with an exemption from any increase in the valuation of their permanent residence that is assessed after the later of the year the homeowner turned 65 or the year the homeowner acquired the property; require the exemption to be in addition to the exemption provided in Section 170 of the Constitution of Kentucky and notwithstanding Sections 171, 172, and 174 of the Constitution of Kentucky; apply the exemption to increases in valuation that occur after the date the amendment is ratified by the voters; provide ballot language; submit to voters for ratification or rejection.
Create a new section of KRS Chapter 158 to require each public school that includes any of grades 6 through 12 to provide free menstrual products to students; require each local board of education to adopt policies for the distribution of free menstrual products; define "menstrual products"; appropriate to the Learning and Results Services budget unit with the Department of Education $2,000,000 in each fiscal year of the 2026-2028 fiscal biennium to provide menstrual products to students; APPROPRIATION; EMERGENCY.
Propose to create a new section of the Constitution of Kentucky to create spending limits and restrictions on imposing new taxes, tax rate increases, fees, or extension of expiring taxes; provide ballot language; submit to voters for ratification or rejection.
Amend KRS 141.020 to establish a graduated tax rate for net income of $300,000 or less; establish a flat tax rate of 6% for net incomes in excess of $300,000; and remove provisions relating to tax rate reduction procedures.
Create a new section of KRS Chapter 141 to establish a refundable income tax credit for certain volunteer firefighters; declare the purpose of the credit; require annual reporting to the Legislative Research Commission to evaluate the impact of the credit; amend KRS 141.0205 to provide the ordering of the credit; amend KRS 131.190 to allow confidential tax return information to be shared with the Legislative Research Commission.
Create a new section of KRS Chapter 11 to require the Governor to request permission from the State Treasurer to use tax dollars for international travel; prohibit the use of tax dollars for international travel by the Governor without approval.
The Legislative Branch Budget: Detail Part I, Operating Budget; detail Part II, General Provisions; detail Part III, Budget Reduction or Surplus Expenditure Plan; APPROPRIATION.
