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KY HB757
Bill
Status
Engrossed
3/12/2026
Primary Sponsor
Jason Petrie
Click for details
AI Summary
- Redefines sales and use tax nexus for remote retailers to include only a sales volume threshold, removing other criteria for marketplace providers
- Imposes new excise taxes on fantasy contests and predictive markets, and extends sales and use taxes to pay phones and data brokering services
- Freezes local school district tax rates as of January 1, 2026, prohibiting increases to occupational license taxes, utility gross receipts taxes, and personal property tax rates levied by local boards of education
- Sunsets multiple tax credits and exemptions by January 1, 2028, including the Kentucky Angel Investment credit, qualified farming operation credit, hiring the unemployed credit, and motion picture filming exemptions
- Conforms Kentucky tax code to the Internal Revenue Code as of December 31, 2025, while decoupling from certain IRC provisions and delaying deferred tax deductions until January 1, 2028
Legislative Description
AN ACT relating to revenue measures and declaring an emergency.
Effective Dates, Emergency
Last Action
to Appropriations & Revenue (S)
3/13/2026
Committee Referrals
Appropriations and Revenue3/13/2026
Committee on Committees3/12/2026
Appropriations and Revenue3/4/2026
Committee On Committees2/25/2026
Full Bill Text
No bill text available