| Last Action | 02/07/25: to Appropriations & Revenue (H) |
|---|---|
| Title | AN ACT relating to the employer student loan repayment credit. |
| Bill Documents | Introduced |
| Bill Request Number | 1244 |
| Sponsor | N. Kulkarni |
| Summary of Original Version | Create a new section of KRS Chapter 141 to establish the employer student loan repayment credit, equal to 50 percent of the amount paid by an employer on an eligible student loan of a qualified employee effective for taxable years beginning January 1, 2025, but before January 1, 2029; amend KRS 141.0205 to order the credit; amend KRS 131.190 to allow the Department of Revenue to report on the credit. |
| Index Headings of Original Version |
Education, Higher - Student loans, employer repayment credit Loans and Credit - Student loans, credit for employer repayments Taxation - Income tax, employer student loan repayment credit, establishment Taxation, Income--Corporate - Nonrefundable credit, employer student loan repayment, establishment Taxation, Income--Individual - Nonrefundable credit, employer student loan repayment, establishment Reports Mandated - Department of Revenue, employer student loan repayment credit, annual report |
| 02/05/25 |
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| 02/07/25 |
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Last updated: 2/7/2025 3:52 PM (EST)