KY SB81

Creates a new refundable Kentucky child tax credit of $1,000 per qualifying child under age 6 for taxable years beginning January 1, 2027 through December 31, 2030

Full credit available to single filers with modified gross income under $50,000 and married filers under $100,000; credit phases out at $10 reduction for every $1 above these thresholds

Part-year Kentucky residents receive a prorated credit based on the proportion of their Kentucky adjusted gross income to total federal adjusted gross income

Department of Revenue must report annually by November 1 to the Legislative Research Commission on credit usage by county, income ranges (in $5,000 increments), and total amounts claimed; this data is explicitly not considered confidential taxpayer information

Amends KRS 141.0205 to establish the Kentucky child credit's priority order among refundable credits, placing it after the pass-through entity tax credit