Create new sections of KRS Chapter 198A to define terms; establish the abandoned home pool fund to be administered by the Kentucky Housing Corporation; specify eligible recipients, activities, and uses of fund; amend KRS 64.012 to increase county clerk recording fees and add a $2 fee to be deposited in the abandoned home pool fund; appropriate $25,000,000 from the General Fund to the abandoned home pool fund; APPROPRIATION; EMERGENCY, effective July 1, 2026.
Amend KRS 141.020, relating to the individual income tax, to establish graduated individual income tax rates for taxable years beginning on or after January 1, 2027; remove provisions relating to tax rate reduction procedures.
Call on the United States Congress to submit to the states for ratification a balanced budget amendment to the United States Constitution and making a formal application to Congress to call a convention.
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.
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.
The Legislative Branch Budget: Detail Part I, Operating Budget; detail Part II, General Provisions; detail Part III, Budget Reduction or Surplus Expenditure Plan; APPROPRIATION.
The LRC Director's recommended Legislative Branch Budget: Detail Part I, Operating Budget; detail Part II, General Provisions; detail Part III, Budget Reduction or Surplus Expenditure Plan; APPROPRIATION.
The State/Executive Branch Budget: Details Part I, Operating Budget; details Part II, Capital Projects Budget; details Part III, General Provisions; details Part IV, State Salary/Compensation, Benefit, and Employment Policy; details Part V, Funds Transfer; details Part VI, General Fund Budget Reduction Plan; details Part VII, General Fund Surplus Expenditure Plan; details Part VIII, Road Fund Budget Reduction Plan; details Part IX, Road Fund Surplus Expenditure Plan; details Part X, Phase I Tobacco Settlement; and details Part XI, Executive Branch Budget Summary; APPROPRIATION.
The Governor's recommended State/Executive Branch Budget: Detail Part I, Operating Budget; detail Part II, Capital Projects Budget; detail Part III, General Provisions; detail Part IV, State Salary/Compensation, Benefit, and Employment Policy; detail Part V, Funds Transfer; detail Part VI, General Fund Budget Reduction Plan; detail Part VII, General Fund Surplus Expenditure Plan; detail Part VIII, Road Fund Budget Reduction Plan; detail Part IX, Road Fund Surplus Expenditure Plan; detail Part X, Phase I Tobacco Settlement; and detail Part XI, Executive Branch Budget Summary; detail Part XII, Appropriations from the Budget Reserve Trust Fund; APPROPRIATION.
SB 6 appropriates $150 million from Kentucky's General Fund for the state's endowed research fund during the 2026-2027 budget year. The funds must be evenly distributed across five university research consortium accounts established under Kentucky law, with unspent money carried forward to future years to avoid lapsing. This bill directly supports Kentucky's public universities and their research initiatives by providing dedicated, long-term funding. The legislation declares an emergency to allow immediate implementation upon passage, emphasizing its focus on advancing research and economic opportunities.
