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KY HB183

Bill

Official Source

Status

Introduced

1/7/2026

Primary Sponsor

Ashley Tackett Laferty

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Increases the Kentucky state income tax exclusion for retirement distributions from $31,110 to $41,110 per year, effective January 1, 2027

  • Applies to distributions from pension plans, annuity contracts, profit-sharing plans, retirement plans, employee savings plans, and IRAs

  • Restores the exclusion amount to the pre-2018 level of $41,110, which was reduced to $31,110 for tax years 2018-2026

  • Amends KRS 141.019 governing adjusted gross income calculations for individual taxpayers in Kentucky

Legislative Description

AN ACT relating to the taxation of retirement distributions.

Taxation

Last Action

to Appropriations & Revenue (H)

1/14/2026

Committee Referrals

Appropriations and Revenue1/14/2026
Committee On Committees1/7/2026

Full Bill Text

No bill text available