House Bill 160

Last Action to Appropriations & Revenue (H)
Title AN ACT relating to the enhancement of educational opportunities for all students in Kentucky.
Bill Documents Bill
Bill Request Number 200
Sponsor M. Harmon
Summary of Original Version Create various new sections of KRS Chapter 141 to establish a nonrefundable educational scholarship tax credit program for corporations, limited liability pass-through entities, estates, trusts, or fiduciaries that contribute to scholarship organizations that provide educational scholarships to eligible students, establish a family education tax credit program for individuals who directly pay for tuition and other educational expenses of eligible students who are dependents of the individual; define terms; establish maximum credit amounts; direct the Department of Revenue to promulgate regulations and publish lists; amend KRS 141.010 to exempt amounts received as scholarship grants from "adjusted gross income"; amend KRS 141.0205 to establish the order in which the nonrefundable family education tax credit and the educational scholarship tax credit is applied against tax imposed by KRS 141.020,141.040, and 141.0401; apply the credit beginning with the 2008 tax year; and create a new section of KRS 157.611 to 157.665 to authorize local school districts to levy a nonrecallable nickle for debt service and new facilities if student population decreases.
Index Headings of Original Version Education, Elementary and Secondary - Educational scholarship tax credit, family education tax credit, established
Taxation - Income tax, educational scholarship tax credit, family tax credit, established
Taxation, Income--Corporate - Educational scholarship tax credit, established
Taxation, Income--Individual - Family education tax credit, established
Taxation, Property - Local school districts additional levy for debt service and new facilities, authorized


  • Prefiled by the sponsor(s).
  • introduced in House
  • to Appropriations & Revenue (H)

Last updated: 8/28/2019 8:09 AM (EDT)