Kentucky 2026 Regular Session Status: In Committee Bipartisan · 3 R · 1 D cosponsors

HB 46 — AN ACT relating to inheritance tax exemptions.

Last action — to Appropriations & Revenue (H)

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the House. Introduced January 07, 2026. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the House.

Prognosis

Advancing 38% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 4 sponsors

    4 primary, 0 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (3 R · 1 D) — cross-party backing.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

Amend KRS 140.080 to exempt Class B beneficiaries from inheritance taxation when receiving property from a decedent who died on or after January 1, 2027.

Bill Text

How this bill changes current law

3 changes Share ↗

Compared against the Kentucky Revised Statutes as published AI-generated reading aid — verify against the official bill.

The bill updates the inheritance tax exemptions for Class A, B, and C beneficiaries, changing how exemptions are calculated for decedents dying after specified dates.

  • KRS 140.080

    Class A beneficiaries as defined in KRS 140.070, other than the surviving spouse, of estates of decedents dying prior to July 1, 1995, as follows: 1. Infant child by blood or adoption, $20,000; 2. Child by blood who has been declared mentally disabled by a court of competent jurisdiction, $20,000; 3. Child adopted during infancy who has been declared mentally disabled by a court of competent jurisdiction, $20,000; or a 4. Child adopted during adulthood who was reared by the decedent during infancy and who has been declared mentally disabled by a court of competent jurisdiction, $20,000; 5. Parent, $5,000; 6. Child by blood, $5,000; 7. Stepchild, $5,000; 8. Child adopted during infancy, $5,000; 9. Child adopted during adulthood who was reared by the decedent during infancy, $5,000; or a 10. Grandchild who is the issue of a child by blood, the issue of a stepchild, the issue of a child adopted during infancy or the issue of a child adopted during adulthood who was reared by the decedent during infancy, $5,000; → Class A beneficiaries as defined in KRS 140.070, other than the surviving spouse, of estates of decedents dying on or after July 1, 1995 shall be as follows: 1. For decedents dying between July 1, 1995, and June 30, 1996, the greater of the exemption established pursuant to paragraph (1)(b) of this section or one-fourth (1/4) of each beneficiary's inheritable interest; 2. For decedents dying between July 1, 1996, and June 30, 1997, the greater of the exemption established pursuant to paragraph (1)(b) of this section or one-half (1/2) of each beneficiary's inheritable interest; 3. For decedents dying between July 1, 1997, and June 30, 1998, the greater of the exemption established pursuant to paragraph (1)(b) of this section or three-fourths (3/4) of each beneficiary's inheritable interest; 4. For each decedent dying after June 30, 1998, each beneficiary's total inheritable interest;

    This change removes outdated specific amounts and allows Class A beneficiaries to inherit based on their total inheritable interest rather than fixed amounts.

  • KRS 140.080

    Class A beneficiaries as defined in KRS 140.070, other than the surviving spouse, of estates of decedents dying on or after July 1, 1995 shall be as follows: 1. For decedents dying between July 1, 1995, and June 30, 1996, the greater of the exemption established pursuant to paragraph (1)(b) of this section or one-fourth (1/4) of each beneficiary's inheritable interest; 2. For decedents dying between July 1, 1996, and June 30, 1997, the greater of the exemption established pursuant to paragraph (1)(b) of this section or one-half (1/2) of each beneficiary's inheritable interest; 3. For decedents dying between July 1, 1997, and June 30, 1998, the greater of the exemption established pursuant to paragraph (1)(b) of this section or three-fourths (3/4) of each beneficiary's inheritable interest; 4. For each decedent dying after June 30, 1998, each beneficiary's total inheritable interest; → Class B, under KRS 140.070, as follows: 1. For decedents dying prior to January 1, 2027, $1,000; and 2. For decedents dying on or after January 1, 2027, each beneficiary's total inheritable interest;

    This change updates the Class B exemption to allow total inheritable interest for decedents dying on or after January 1, 2027.

  • KRS 140.080

    All persons of Class C, under KRS 140.070, $500. → All persons of Class C, under KRS 140.070, $500.

    This change maintains the existing exemption amount for Class C beneficiaries without modification.

Action History

  1. to Appropriations & Revenue (H)

  2. to Committee on Committees (H)

  3. introduced in House

Sponsors

Sponsorship breakdown

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4 sponsors · 0 co-sponsors · 134 not signed on

Sponsors (4)

Co-sponsors (0)

None.

Not signed on (134)

134 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 46 do?
Amend KRS 140.080 to exempt Class B beneficiaries from inheritance taxation when receiving property from a decedent who died on or after January 1, 2027.
Who sponsors HB 46?
HB 46 is sponsored by Kim Banta (Republican), Chad Aull (Democrat), Nick Wilson (Republican), and Deanna Gordon (Republican).
What is the current status of HB 46?
This bill is in committee in the House. Introduced January 07, 2026. It must pass committee before a floor vote.
Where can I track HB 46?
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