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HB 188 (BR 78) - D. Floyd
AN ACT relating to tax credits to promote educational quality in Kentucky schools.
Create a new section of KRS Chapter 141 to establish an education improvement tax credit program; provide for tax credits to eligible nonprofit education organizations that are organized for the purposes of providing grants, scholarships, and incentives to quality principals to increase the number of teachers in Kentucky, decrease shortages of teachers in critical teaching areas, and provide quality principals to serve in academically low performing schools that have high poverty; define terms; define limits of tax credits; require the Department of Revenue to promulgate administrative regulations to implement the tax credit program for eligible nonprofit education organizations; create a new section of KRS Chapter 158 to specify that principals may be provided monetary incentives from an eligible nonprofit education organization to accept a position in an academically low performing school; specify the responsibilities of the Kentucky Department of Education; limit the amount of a monetary incentive and exempt it from calculation of teachers' retirement benefits; amend KRS 141.0205 to conform.
HB 188 - AMENDMENTS
HFA (1, J. DeCesare) - Provide a state tax credit up to $250 for personal funds spent for school supplies by a certified teacher employed in the public schools.
HFA (2, J. DeCesare) - Retain original provisions; amend KRS 68.6851 to allow a credit against the state income tax equal to the assessment withheld from wages due to an assessment imposed by a local governing body, and to delete provisions allowing a credit against the local occupational tax; amend KRS 141.310 and 141.350 to conform.
HFA (3/Title, J. DeCesare) - Make title amendment.
Jan 4-introduced in House
Jan 5-to Appropriations and Revenue (H)
Feb 7-floor amendment (1) filed
Feb 28-floor amendments (2) and (3-title) filed
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