10RS HB582

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Includes opposite chamber sponsors where requested by primary sponsors of substantially similar bills in both chambers and jointly approved by the Committee on Committees of both chambers. Opposite chamber sponsors are represented in italics.

AN ACT relating to tax credits to promote quality education in Kentucky.
Create new sections of KRS Chapter 141 to establish a tuition assistance tax credit and an innovative education tax credit; amend KRS 141.010 to exclude from any amount received as tuition assistance from the definition of "adjusted gross income"; amend KRS 141.0205 to establish the order in which the credits may be taken; create a new section of KRS 135.500 to 136.575 to allow financial institutions to take the tuition assistance tax credit and the innovative education tax credit against the bank franchise tax.

     Mar 2-introduced in House
     Mar 4-to Appropriations & Revenue (H)
     Mar 12-posted in committee

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