Collectively, these pieces of legislation demonstrate a broader legislative focus on modernization, digital infrastructure, regulatory clarity and administrative efficiency. “ Key provisions include: • Defining regulatory standards for vehicle financial protection products; • Establishing disclosure and contract requirements; • Allowing related charges to be separately itemized and financed; • Prohibiting creditors from conditioning financing on the purchase of these products; and • Requiring compliance by retail installment sellers and consumer loan companies. The law takes effect Jan. 1, 2027, and provides additional certainty for dealers, finance companies and consumers operating within the vehicle protection marketplace. This bill is a victory for dealers because it cements their authority to sell such products, confirms that they are not insurance and protects dealers from the regulations associated with genuine insurance products. HB 518: Standardizing Local Business Tax Filings Beyond automotive legislation, lawmakers also approved House Bill 518, a measure aimed at simplifying local business tax administration throughout Kentucky. The legislation requires standardized forms for local occupational tax filings on net profits, payroll and gross receipts. The bill directs the Kentucky Secretary of State to work alongside an advisory committee to develop uniform filing documents and electronic submission processes. Beginning Jan. 1, 2028, local taxing districts will be required to accept these standardized forms and associated electronic payments. The law is expected to reduce confusion and administrative complexity for businesses operating across multiple jurisdictions by unifying the forms and mechanisms associated with such filings. A Session Focused on Modernization and Efficiency Collectively, these pieces of legislation demonstrate a broader legislative focus on modernization, digital infrastructure, regulatory clarity and administrative efficiency. From electronic vehicle titling to standardized tax forms and updated financial product regulations, the 2026 General Assembly enacted reforms expected to positively impact Kentucky businesses for years to come. WWW.KYADA.COM 11
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