KY HB688

Eliminates Kentucky's income tax check-off program for political party contributions effective January 1, 2026, which previously allowed taxpayers to designate $2 of their tax liability to a political party

$0.50 of each designation was allocated to the local governing authority of the designated party within the taxpayer's county, with the remainder going to the state party governing authority

Department of Revenue was required to certify designated amounts by December 1, with the State Treasurer remitting funds to parties by January 1

Repeals KRS 141.073 (rules and regulations governing the political party tax check-off) and amends related campaign finance reporting statutes (KRS 121.180 and 121.230) to remove references to the eliminated program

Political parties receiving remitted funds must deposit them in separate bank accounts, use them only for candidate support in general elections and party headquarters administrative costs, and report expenditures to the Registry of Election Finance