Budget & Taxes

The Transportation Cabinet Budget: Detail Part I, Operating Budget; detail Part II, Capital Projects Budget; detail Part III, Funds Transfer; detail Part IV, Transportation Cabinet Budget Summary; APPROPRIATION.

Create a new section of KRS Chapter 141 to establish the accessible home credit for taxable years beginning on or after January 1, 2027, but before January 1, 2031; 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 amend Section 1 of the Constitution of Kentucky to provide citizens of the Commonwealth the right to exempt from property taxation a property owned and maintained solely as their primary residence and a motor vehicle owned and maintained solely as their primary vehicle after calendar year 2028; provide ballot language; submit to voters for ratification or rejection.

Create a new section of KRS Chapter 6 to establish a children's health and welfare fiscal impact statement to evaluate the potential costs that would be incurred by the state or a local government by passing certain legislation; specify the requirements and components of the statement; require state agencies and local governments to respond to requests for information relating to the statements; require the Attorney General to certify, upon request, if a proposal constitutes a state mandate; authorize the director of the Legislative Research Commission to implement policies and procedures necessary to produce the statements.