KY HB228

Creates a refundable tax credit for qualified renters with household income at or below 133% of the federal poverty line, equal to 25% of qualified rent payments up to a maximum of $1,000 per year

Effective for taxable years beginning January 1, 2027 through December 31, 2030

Qualified rent payments include amounts paid to occupy a permanent primary residence in Kentucky for at least 6 months, excluding advance payments and refundable security deposits

Eligible dwelling types include single-family houses, apartments, duplexes, condominiums, housing cooperatives, prefabricated homes, and rooms within residences

Requires the Department of Revenue to report credit usage data to the Interim Joint Committee on Appropriations and Revenue by November 1, 2028 and annually thereafter, including cumulative credits claimed by county and income range