22RS HB 255

Actions

Last Action	01/08/22: to Committee on Committees (H)
Title	AN ACT relating to the employer student loan repayment tax credit.
Bill Documents	Introduced
Bill Request Number	1324
Sponsor	N. Kulkarni
Summary of Original Version	Create a new section of KRS Chapter 141 establishing the employer student loan repayment tax credit, equal to fifty percent of the amount paid by an employer on an eligible student loan of a qualified employee; amend KRS 141.0205 to order the tax credit; amend KRS 131.190 to conform.
Index Headings of Original Version	Education, Higher - Student loans, tax credit for employer repayments Loans and Credit - Student loans, tax credit for employer repayments Taxation - Income tax credit, employer student loan repayment Taxation, Income--Corporate - Nonrefundable tax credit, employer student loan repayment Taxation, Income--Individual - Nonrefundable tax credit, employer student loan repayment