A current limit circuit for protection of an intelligent power switch includes a series circuit of a sense transistor and a sense resistor coupled to the power semiconductor transistor switch so that the sense resistor current is a fraction of, and is proportional to, the power transistor current. A pull-down transistor is coupled to the control electrode of the power transistor switch. A feedback circuit including a series connection of a diode-connected transistor and a reference V source is coupled between the sense resistor and the control electrode of the pull down transistor. The feedback circuit produces a voltage level shift and the circuit provides an accurate limit on the power transistor current independent of any variations in threshold voltage.