Kentucky HB158 establishes a tax credit for qualified home modifications to assist individuals with impairments or aging adults.
Kentucky HB158 creates a tax credit for qualified home modifications to help occupants with physical and mental impairments and aging adults cover costs for necessary adjustments to their primary residence. Eligible taxpayers can claim a credit of up to $7,500 per taxable year for modifications that increase accessibility. The Department of Revenue may require invoices and documentation to verify the credit. A report on the credit's effectiveness must be submitted to the Interim Joint Committee on Appropriations and Revenue by November 1, 2028.
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