AN ACT relating to taxation.

2026 Regular Session Introduced by Jason Petrie

HB 546 would make tax-related changes in Kentucky that affect rates, credits, deductions, or administration, altering revenue and who pays or benefits.

returned to Appropriations & Revenue (H)

#technicalcorrections

Summary of HB 546 (2026 Regular Session, Kentucky)

Purpose and intent

HB 546 is an act relating to taxation. While the specific fiscal notes or policy statements are not provided in the provided action history, the bill’s title and placement in the Appropriations & Revenue committee indicate a focus on tax-related changes or adjustments that may affect state revenue, taxpayers, or both.

Key provisions and changes (as indicated by typical tax-related bills and committee placement)

The bill appears to be moving through the House Appropriations & Revenue committee, suggesting provisions that could alter:

Tax rates, credits, deductions, or exemptions
Tax administration, compliance, or enforcement
Revenue allocation or distribution mechanisms
Potential targeted tax changes for specific sectors or populations

Specific text of provisions is not provided in the summary, so the exact measures (percent changes, dollar amounts, sunset provisions, or applicability) are not available here.

Who would be affected

Taxpayers within Kentucky who are subject to state taxation, including individuals, businesses, and organizations that rely on state tax credits or exemptions.

State revenue and agencies responsible for tax collection and administration could be affected by changes in reporting, compliance, or distribution mechanisms.

Any constituencies targeted by credits or exemptions proposed in the bill (e.g., small businesses, particular industries, or geographic areas) would experience tangible impacts.

Procedural and timeline aspects

Introduced: February 3, 2026, in the Kentucky House.

Referred to Committee on Committees (H) on introduction.

Moved to the Appropriations & Revenue committee (H) on February 10, 2026.

Subsequent actions:

1st Reading: March 13, 2026
Returned to Appropriations & Revenue (H): March 13, 2026
2nd Reading: March 20, 2026
Returned to Appropriations & Revenue (H): March 20, 2026

The bill is in the standard legislative process for a tax-related measure, with ongoing committee review and potential amendments before advancing to full House consideration or further stages.

Notes and considerations

Without the full text, it is not possible to specify the exact changes to rates, credits, or administrative rules.

Tax bills typically require accompanying fiscal notes outlining expected revenue impact, workload on the Department of Revenue, and any anticipated economic effects.

If you need a detailed clause-by-clause analysis, please provide the bill’s text or a fiscal note, and I can extract and summarize the specific provisions, fiscal impact, and affected taxpayer groups.