Kentucky
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House Bill 350

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Last Action 01/29/20: to Appropriations & Revenue (H)
Title AN ACT relating to opportunities in education.
Bill Documents Introduced
Fiscal Impact Statement Fiscal Note
Bill Request Number 1418
Sponsors C. McCoy, J. Miller, W. Thomas
Summary of Original Version Create new sections of KRS Chapter 141 to establish a separate income tax credit for tuition assistance based on contributions made to a qualified scholarship-granting organization; 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 new sections of KRS 136.500 to 136.575 to allow financial institutions to take the tax credit against the tax imposed by KRS 136.505; 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 of
Education, Finance - Scholarship tax credit, creation of
State Agencies - Department of Revenue, scholarship tax credit, creation of
Taxation - Bank franchise tax, scholarship tax credit, creation of
Taxation - Scholarship tax credit, creation of
Taxation, Income--Corporate - Scholarship tax credit, creation of
Taxation, Income--Individual - Scholarship tax credit, creation of
Administrative Regulations and Proceedings - Scholarship tax credit
Banks and Financial Institutions - Bank franchise tax, scholarship tax credit, creation of
Charitable Organizations and Institutions - Bank franchise tax, scholarship tax credit, creation of
Reports Mandated - Scholarship tax credit
Fiscal Note - Scholarship tax credit, creation of

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01/27/20
  • introduced in House
01/29/20
  • to Appropriations & Revenue (H)


Last updated: 10/27/2020 12:10 PM (EDT)
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