| Last Action | to Appropriations & Revenue (S) |
|---|---|
| Title | AN ACT relating to opportunities in education. |
| Bill Documents |
Bill
|
| Impact Statements | Fiscal Note |
| Bill Request Number | 482 |
| Sponsors | R. Alvarado, J. Adams, J. Bowen, J. Schickel, M. Wise |
| Summary of Original Version | Create a new section of KRS Chapter 141 to provide a nonrefundable income tax credit for contributions made to an entity exempt from taxation which supports public education; create a new section of KRS Chapter 141 to establish a separate income tax credit for tuition assistance based on contributions made to a qualified scholarship-granting organization; create a new section of KRS Chapter 141 to provide goals and reporting of metrics related to those goals; amend KRS 141.0205 to establish the order in which the credits may be taken; create a new section of KRS 136.500 to 136.575 to allow financial institutions to take both tax credits against the tax imposed by KRS 136.505; create a new section of KRS 136.500 to 136.575 to order all bank franchise tax credits. |
| Index Headings of Original Version |
Fiscal Note - School improvement tax credit and scholarship tax credit, creation Education, Finance - School improvement tax credit and scholarship tax credit, creation Taxation - Bank franchise tax, school improvement tax credit and scholarship tax credit, creation Taxation - Scholarship tax credit, creation Taxation - School improvement tax credit, creation Taxation, Income--Corporate - School improvement tax credit and scholarship tax credit, creation Taxation, Income--Individual - School improvement tax credit and scholarship tax credit, creation |
| 01/06/16 |
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|---|---|
| 01/07/16 |
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Last updated: 1/16/2019 3:08 PM (EST)