Kentucky legislation · 2026 Regular Session
Kentucky HB760: AN ACT relating to the certified rehabilitation credit and declaring an emergency.
Status: In committee, March 5, 2026
Amend KRS 171.396 to define and redefine certain terms; allow the certified rehabilitation credit cap to be allocated as 15% for owner-occupied residential property and 85% for property other than owner-occupied residential property, including workforce housing; require that projects approved as workforce housing maintain affordability for individuals earning 80% of the county level area median income or less; amend KRS 171.397 to state that the provisions established in this statute pertain to applications received before April 30, 2026; create a new section of KRS Chapter 171 to apply to applications received after April 30, 2026 with certain changes; current credit program cap of $100 million is maintained; with a split of $50 million into 2 separate credit allocation application rounds; expand the credit to apply to certain taxes imposed in KRS Chapter 136; require the Kentucky Heritage Council to work with the Kentucky Housing Corporation to ensure the workforce housing property maintains area median income affordability requirements for 5 years within completion of the certified rehabilitation; create a new section of KRS Chapter 198A to require the corporation to work with the Kentucky Heritage Council for these purposes; amend KRS 141.0205; 141.382; and 171.3961 to make conforming changes.
What the bill says
An act relating to the certified rehabilitation credit and declaring an emergency.
From the introduced text:
AN ACT relating to the certified rehabilitation credit and declaring an emergency. Be it enacted by the General Assembly of the Commonwealth of Kentucky: Section 1. KRS 171.396 is amended to read as follows: As used in this section and KRS 171.3961 and 171.397 and Section 3 of this Act: (1) "Certified historic structure" means a structure that is located within the Commonwealth of Kentucky that or (b) Located in a historic district listed on the National Register of Historic Places and is certified by the council as contributing to the historic significance of the district; (2) "Certified rehabilitation" means a completed substantial rehabilitation of a certified historic structure that the council certifies meets the United States Secretary of the Interior's Standards for Rehabilitation; (3) "Certified rehabilitation credit cap" means an annual amount of [: (a) Three million dollars ($3,000,000) for applications received prior to April 30, 2010; (b) Five million dollars ($5,000,000) for applications received on or after April 30, 2010, but before April 30, 2022; and (c) ]one hundred million dollars ($100,000,000) for applications received on or after: (a) April 30, 2022, but before April 30, 2026, allocated with: 1. Twenty-five percent (25%) of the credit cap awarded to owner-occupied residential property; and 2. Seventy-five percent (75%) of the credit cap awarded to property other than owner-occupied residential …
Sponsors
- Susan Witten (R, HD-031) · primary sponsor
Latest actions
- : to Appropriations & Revenue (H)
- : to Committee on Committees (H)
- : introduced in House
Subjects: Property, Taxation, Taxation, Income--Individual, Historical Affairs, Real Estate, Taxation, Income--Corporate, Insurance, Workforce
Common questions
- What is HB760?
- HB760 is a bill in the Kentucky Legislature (2026 Regular Session): AN ACT relating to the certified rehabilitation credit and declaring an emergency.
- What does HB760 do?
- In its own words: An act relating to the certified rehabilitation credit and declaring an emergency.
- What is the status of HB760?
- In committee as of March 5, 2026. Latest action: to Appropriations & Revenue (H) (March 5, 2026).
- Who sponsored HB760?
- Susan Witten (R, HD-031).
- Where is the official record for HB760?
- On the Kentucky Legislature website: https://apps.legislature.ky.gov/record/26rs/hb760.html
Source: official Kentucky record. Tracked by Delilah, AI for legislation across all 50 states and Congress.