HB688

Kentucky HB688 allows taxpayers to designate a portion of their income tax liability to a political party.

Kentucky HB688 amends the state's tax code to allow individuals to designate a portion of their income tax liability to a political party. Specifically, taxpayers can allocate fifty cents for each $100 of their tax liability to a political party, with the remainder going to the state party. The bill also outlines the process for reporting and auditing these contributions, ensuring transparency and accountability in political funding. The changes apply to taxable years beginning before January 1, 2026.