24RS HB 426

House Bill 426

Actions

Last Action	01/30/24: to Committee on Committees (H)
Title	AN ACT relating to the Kentucky opportunity fund and making an appropriation therefor.
Bill Documents	Introduced
Bill Request Number	256
Sponsor	J. Raymond
Summary of Original Version	Create new sections of KRS Chapter 164A to establish within the State Treasury a fund to be used to make contributions to Kentucky opportunity accounts; amend KRS 131.190 to allow the Department of Revenue to share information with the Kentucky Higher Education Assistance Authority; amend KRS 141.019 to exclude earnings from Kentucky opportunity accounts from adjusted gross income; amend KRS 205.200 to provide that ownership or activity of a Kentucky opportunity account shall not be used when conducting means-based testing for eligibility for public assistance programs.
Index Headings of Original Version	Health and Medical Services - Medicaid, opportunity account not disqualification of eligibility Public Assistance - Opportunity account not disqualification of eligibility Public Medical Assistance - Opportunity account not disqualification of eligibility State Agencies - Kentucky Higher Education Assistance Authority, administration of opportunity fund Treasurer - Opportunity account, creation of fund within State Treasury Medicaid - Opportunity account not disqualification of eligibility Taxation - Opportunity account, excluding earnings from adjusted gross income Taxation, Income--Individual - Opportunity account, excluding earnings from adjusted gross income