HB159

Kentucky HB159 creates a tax credit for constructing accessible homes, promoting safe housing for older adults.

Kentucky HB159 introduces a tax credit for constructing accessible homes. An "accessible home" is defined as a newly constructed, single-family residence built according to Kentucky building codes, considering universal design and visitability standards, and including specific accessibility features. The credit is equal to 5% of total construction costs, up to $5,000 per home, and applies to homes completed and ready for occupancy between 2027 and 2030. Eligible taxpayers must submit verification of the credit with their tax return or separately as prescribed by the department.