21RS HB 200

Actions

Last Action	01/07/21: to Committee on Committees (H)
Title	AN ACT related to a tax credit for educator expense.
Bill Documents	Introduced
Bill Request Number	1082
Sponsors	T. Bojanowski, C. Massey, K. Flood, A. Scott, C. Stevenson, B. Wheatley, L. Willner
Summary of Original Version	Amend KRS 141.019 to allow taxpayers to include the federal deduction for educator expenses in adjusted gross income; create a new section of KRS Chapter 141 to establish a nonrefundable educator expense credit for taxable years beginning on or after January 1, 2022; allow for a dollar-for-dollar credit with a maximum of $250 per eligible educator for unreimbursed eligible educator expenses that are incurred during the taxable year; amend KRS 141.0205 to order the income tax credit; amend KRS 131.190 to allow for the reporting on the credit.
Index Headings of Original Version	Education, Elementary and Secondary - Educator expenses tax credit, creation Taxation - Educator expense tax credit for income tax, creation Taxation, Income--Individual - Educator expense tax credit, creation Teachers - Educator expense tax credit for income tax, creation