| Last Action | 01/08/18: to Appropriations & Revenue (H) |
|---|---|
| Title | AN ACT relating to opportunities in education and making an appropriation therefor. |
| Bill Documents | Introduced |
| Fiscal Impact Statement | Fiscal Note |
| Bill Request Number | 73 |
| Sponsors | J. Carney, M. Hart, D. Horlander, C. McCoy, J. Miller, S. Santoro, W. Thomas, J. Tipton, A. Wuchner |
| Summary of Original Version | 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 the tax credit against the tax imposed by KRS 136.505; create a new section of KRS 136.500 to 136.575 to order all tax credits; create a new section of KRS Chapter 156 to require the Kentucky Department of Education to publish a list of certified nonpublic schools and nonpublic schools seeking certification; require the Department of Revenue to report information to the Legislative Research Commission; amend KRS 131.190, 131.135, 131.618, 131.650, 131.990, 141.389, and 131.020 to conform. |
| Index Headings of Original Version |
Administrative Regulations and Proceedings - Scholarship tax credit Banks and Financial Institutions - Bank franchise tax, scholarship tax credit, creation Charitable Organizations and Institutions - Bank franchise tax, scholarship tax credit, creation Education, Elementary and Secondary - Scholarship tax credit, creation Education, Finance - Scholarship tax credit, creation Reports Mandated - Scholarship tax credit State Agencies - Department of Revenue, scholarship tax credit, creation Taxation - Bank franchise tax, scholarship tax credit, creation Taxation - Scholarship tax credit, creation Taxation, Income--Corporate - Scholarship tax credit, creation Taxation, Income--Individual - Scholarship tax credit, creation Fiscal Note - Bank franchise tax, scholarship tax credit, creation |
| 01/04/18 |
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| 01/08/18 |
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Last updated: 9/1/2020 2:57 PM (EDT)
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