KY HB426

Creates a refundable tax credit for qualified renters in Kentucky equal to 25% of rent payments, capped at $1,000 per year

Eligibility limited to individuals or families with household income at or below 133% of the federal poverty line who rent a primary residence in Kentucky for at least 6 months

Credit available for taxable years beginning January 1, 2027 through December 31, 2030 (4-year program)

Qualified rent excludes advance payments for future years and refundable security deposits

Requires the Department of Revenue to report annually to the legislature on credit usage by county, income range, and total amounts claimed