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HB 1 - Reduces State Income Tax Rates from 4% to 3.5% - Kentucky Key Vote

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Title: Reduces State Income Tax Rates from 4% to 3.5%

Signed by Governor Andy Beshear


See How Your Politicians Voted

Title: Reduces State Income Tax Rates from 4% to 3.5%

Vote Smart's Synopsis:

Vote to pass a bill that reduces state income tax from 4% to 3.5% in Kentucky.

Highlights:

  • Reduces the net income tax from 4% to 3.5%  starting January 1, 2026 (Sec. 1).

  • Specifies that taxable incomes beginning on or after January 1, 2024, but before January 1, 2026, shall be 4% of net income (Sec. 1).

  • Specifies that the provisions of this bill shall take effect beginning January 1, 2026 (Sec. 1).

Full Bill Text

See How Your Politicians Voted

Title: Reduces State Income Tax Rates from 4% to 3.5%

Vote Smart's Synopsis:

Vote to pass a bill that reduces state income tax from 4% to 3.5% in Kentucky.

Highlights:

  • Reduces the net income tax from 4% to 3.5%  starting January 1, 2026 (Sec. 1).

  • Specifies that taxable incomes beginning on or after January 1, 2024, but before January 1, 2026, shall be 4% of net income (Sec. 1).

  • Specifies that the provisions of this bill shall take effect beginning January 1, 2026 (Sec. 1).

Full Bill Text

Title: Reduces State Income Tax Rates from 4% to 3.5%

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