| Title | AN ACT related to a tax credit for educator expense. |
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| Bill Documents | Original |
| Sponsors | T. Bojanowski |
| 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 of the credit. |
| Index Headings |
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 |
| 12/08/21 | Prefiled by the sponsor(s). |
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Last updated: 12/21/2021 12:15 PM (EST)
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