Senate Bill 118

Actions
Last Action 02/08/19: to Appropriations & Revenue (S)
Title AN ACT relating to opportunities in education.
Bill Documents Introduced
Impact Statements Fiscal Note
Bill Request Number 880
Sponsors R. Alvarado, D. Thayer
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 136 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 to conform.
Index Headings of Original Version Education, Elementary and Secondary - Scholarship tax credit, creation
Education, Finance - Scholarship tax credit, creation
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
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
Reports Mandated - Scholarship tax credit

Actions

Top
02/05/19
  • introduced in Senate
02/08/19
  • to Appropriations & Revenue (S)


Last updated: 3/25/2019 5:21 PM (EDT)
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