KY HB158

Creates a nonrefundable tax credit for qualified home modifications that increase accessibility for occupants who are age 65 or older, or who have a physical or mental impairment substantially limiting major life activities for at least 12 months

Credit equals actual modification costs up to $7,500 per taxable year, available for tax years beginning January 1, 2027 through December 31, 2030

Eligible taxpayers must incur costs directly for a qualified home modification and cannot receive reimbursement from the occupant; modifications apply to single-family homes or multifamily residential units used as primary dwellings in Kentucky

Department of Revenue must submit annual reports to the Interim Joint Committee on Appropriations and Revenue beginning November 1, 2028, detailing credit usage by county, income range, and total amounts claimed

Amends KRS 141.0205 to establish the credit's priority order among other nonrefundable personal tax credits, and amends KRS 131.190 to authorize information sharing with the Legislative Research Commission for evaluation purposes