KY HB760

Maintains the $100 million annual cap for Kentucky's certified historic rehabilitation tax credit but restructures allocation for applications received on or after April 30, 2026: 15% for owner-occupied residential properties and 85% for other properties including workforce housing

Creates two application rounds per year (April 15 and August 15 deadlines) with $50 million allocated to each round, and unused funds from the first round roll over to the second

Establishes a new 30% credit rate for "workforce housing" properties that dedicate at least 50% of square footage to residential units affordable to households earning 80% or less of area median income for a minimum of five years

Allows credits to be transferred to any entity subject to Kentucky income or insurance premium taxes, with transferred credits carrying a seven-year carryforward period

Declares an emergency to take effect immediately upon passage and approval by the Governor