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Read. Follow. Verify.Kentucky General Assembly enacts revenue measures and taxation adjustments in HB 757, overriding gubernatorial veto
Last action · April 14, 2026: received in House to Rules (H) taken from Rules posted for consideration of Governor's line vetoes vetoes overridden passed 66-18 received in Senate to Rules (S) posted for consideration of Governor's line vetoes vetoes overridden passed 31-5 received in House enrolled, signed by Speaker of the House enrolled, signed by President of the Senate delivered to Secretary of State (Acts Ch. 161)Sponsor: Jason Petrie
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What This Bill Does
Kentucky House Bill 757 establishes new revenue and taxation rules, including a 12 percent tax on starting January 1, 2027, imposes an excise tax on prediction market transaction fees, and modifies sales and use tax exemptions, corporate income tax code definitions, and historic rehabilitation tax credit caps. The legislation declares an emergency, taking effect across various dates with certain sections retroactively applied.
The measure alters state tax liabilities, compliance mandates, and fee structures for s, fantasy sports operators, prediction markets, corporations, individuals, and local taxing districts across Kentucky.
- The Kentucky General Assembly regularly enacts revenue and tax adjustment bills during legislative sessions to modify state tax administration, update internal revenue code synchronization, and fund state programs. context
- House Bill 757 received legislative action culminating in its passage over a gubernatorial veto on April 14, 2026. context
Who It Affects
Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.
Marketplace Providers
Marketplace providers must comply with new registration, tax collection, and audit requirements under sales and use tax provisions.
Fantasy Contest Service Providers
Fantasy contest providers are subject to a 12 percent tax on adjusted gross fantasy contest receipts beginning January 1, 2027.
Prediction Market Operators
Prediction market operators are subject to a 14.25 percent excise tax on transaction fees starting January 1, 2027.
Corporations and Pass-Through Entities
Businesses face modified corporate income tax code references, estimated tax calculation rules, and limited liability entity tax provisions.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
What new taxes are established under House Bill 757?
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What is the updated reference date for the Internal Revenue Code?
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News Coverage
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Votes, people, money & the original sourceWhere This Stands
Current status: Signed into law with line-item vetoes.
Procedural history
13 actions- Apr 14, 2026Housereceived in House to Rules (H) taken from Rules posted for consideration of Governor's line vetoes vetoes overridden passed 66-18 received in Senate to Rules (S) posted for consideration of Governor's line vetoes vetoes overridden passed 31-5 received in House enrolled, signed by Speaker of the House enrolled, signed by President of the Senate delivered to Secretary of State (Acts Ch. 161)
- Apr 13, 2026Houseline items vetoed
- Apr 2, 2026HouseEnrolledenrolled, signed by Speaker of the House enrolled, signed by President of the Senate delivered to Governor
- Apr 1, 2026HouseFloorreported favorably, to Rules with Floor Amendment (1) and Committee Substitute (1) posted for passage in the Regular Orders of the Day for Wednesday, April 01 2026 3rd reading Floor Amendment (1) withdrawn passed 37-0 with Committee Substitute (1) received in House to Rules (H) posted for passage for concurrence in Senate Committee Substitute (1) House refused to concur in Senate Committee Substitute (1) received in Senate to Rules (S) posted for passage for receding from Senate Committee Substitute (1) Senate refused to recede from Committee Substitute (1) Conference Committee appointed in House and Senate Conference Committee report (1) filed in House and Senate Conference Committee report adopted in House and Senate Free Conference Committee appointed in House and Senate Free Conference Committee report filed in House and Senate posted for passage for consideration of Free Conference Committee Report Free Conference Committee report adopted in Senate passed 34-0 received in House to Rules (H) taken from Rules posted for passage for consideration of Free Conference Free Conference Committee report adopted in House passed 65-25
- Mar 24, 2026SenateFloorfloor amendment (1) filed taken from Appropriations & Revenue (S) 2nd reading returned to Appropriations & Revenue (S)
- Mar 20, 2026SenateCommitteetaken from Appropriations & Revenue (S) 1st reading returned to Appropriations & Revenue (S)
Show 7 earlier actions
- Mar 13, 2026SenateCommitteeto Appropriations & Revenue (S)
- Mar 12, 2026SenateIntroducedreceived in Senate to Committee on Committees (S)
- Mar 11, 2026HouseFloor3rd reading, passed 69-18 with Committee Substitute (1)
- Mar 10, 2026HouseFloorreported favorably, 2nd reading, to Rules with Committee Substitute (1) floor amendments (6), (7), (8) and (9) filed to Committee Substitute posted for passage in the Regular Orders of the Day for Wednesday, March 11 2026
- Mar 9, 2026HouseCommitteetaken from Appropriations & Revenue (H) 1st reading returned to Appropriations & Revenue (H) floor amendments (2), (3), (4) and (5) filed
- Mar 4, 2026HouseCommitteefloor amendment (1) filed to Appropriations & Revenue (H)
- Feb 25, 2026HouseIntroducedintroduced in House to Committee on Committees (H)
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
New State Taxation of Fantasy Contests and Prediction Markets
The General Assembly establishes specific statutory excise taxes on fantasy contest adjusted gross receipts and prediction market transaction fees effective January 1, 2027.
Connected Entities
Sources
apps.legislature.ky.gov
Analysis Score
0–100- Significance95How much this matters to a regular citizen
- Controversy60Intensity of disagreement among stakeholders
- Entertainment10Compellingness for a non-policy-wonk reader
- Buzz40Current news / social attention level
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