SB197: AN ACT relating to an individual income tax credit for stillbirths.

Legislative Summary

Create a new section of KRS Chapter 141 to establish a nonrefundable, nontransferable individual income tax credit related to stillbirths for taxable years beginning on or after January 1, 2022, but before January 1, 2026; require reporting by the Department of Revenue; amend KRS 141.0205 to order the credit; amend KRS 131.190 to allow reporting.