| Last Action | to Appropriations & Revenue (H) |
|---|---|
| Title | AN ACT relating to income tax deductions for education expenses. |
| Bill Documents | Introduced |
| Impact Statements | Fiscal Note |
| Bill Request Number | 1143 |
| Sponsors | A. Wuchner, D. Hale, J. Sims Jr |
| Summary of Original Version | Amend KRS 141.010 to exclude contributions to 529 plan or STABLE account or eligible education expenses from adjusted gross income; amend KRS 164A.370 to subject excess contributions to and refunds of 529 plans to income tax; create new sections of KRS Chapter 164A to require reporting of information relating to deductions for 529 plan or STABLE account contributions to Department of Revenue and Legislative Research Commission; define terms relating to STABLE accounts; create a new section of KRS Chapter 141 to define terms relating to eligible education expenses; amend KRS 131.190 to allow the Department of Revenue to disclose information to the Legislative Research Commission; amend various KRS sections to conform. |
| Index Headings of Original Version |
Disabilities and the Disabled - STABLE account, income tax deduction Education, Elementary and Secondary - Educational expenses, income tax deduction Education, Finance - Educational expenses, income tax deduction Education, Finance - Saving, 529 plan and STABLE account deductions Education, Higher - Savings, 529 plan and STABLE account deductions Education, Vocational - Saving, STABLE account deduction Federal Laws and Regulations - Internal Revenue Code Sections 529 and 529A, deductions Health and Medical Services - STABLE account, income tax deduction Mental Disability - STABLE account, income tax deduction Taxation - Income tax, deductions, 529 plan Taxation - Income tax, deductions, educational expenses Taxation - Income tax, deductions, STABLE account Taxation, Income--Individual - Deductions, 529 plan Taxation, Income--Individual - Deductions, educational expenses Taxation, Income--Individual - Deductions, STABLE account Children and Minors - Education, Saving, 529 plan and STABLE account deductions Children and Minors - Educational expense income tax deduction Fiscal Note - Education, Saving 529 plan and STABLE account deductions |
| 02/16/17 |
|
|---|---|
| 02/21/17 |
|
Last updated: 1/16/2019 3:02 PM (EST)