KY HB575

Increases the maximum deduction for funeral, monument, and cemetery lot maintenance expenses from $5,000 to $10,000 for decedents who die on or after August 1, 2026

Maintains the $5,000 cap for funeral-related expense deductions for deaths occurring before August 1, 2026

Amends KRS 140.090, which governs allowable deductions when calculating distributive shares for Kentucky inheritance tax purposes

Adds an explicit exclusion for debts barred by the statute of limitations from allowable deductions (clarifying existing law)