25RS HB 189

Actions

Last Action	01/09/25: to Committee on Committees (H)
Title	AN ACT relating to contributions made to a Kentucky qualified expense program.
Bill Documents	Introduced
Bill Request Number	353
Sponsor	R. Duvall
Summary of Original Version	Create a new section to KRS Chapter 141 to provide employers a tax credit for contributions to an employee's Kentucky Educational Savings Plan Trust account or STABLE Kentucky account; amend KRS 141.0205 to specify ordering of the credit; amend KRS 131.190 to allow the Department of Revenue to report on the credit.
Index Headings of Original Version	Disabilities and the Disabled - Employer contributions to a STABLE Kentucky account, income tax credit Education, Elementary and Secondary - Employer contributions to Kentucky Educational Savings Plan Trust, income tax credit Education, Higher - Employer contributions to Kentucky Educational Savings Plan Trust, income tax credit Fiscal Note - Contributions to Kentucky Educational Savings Plan Trust, tax deduction Taxation - Employer contributions to Kentucky Educational Savings Plan Trust, income tax credit Taxation - Employer contributions to STABLE Kentucky account, income tax credit Taxation, Income--Corporate - Employer contributions, Kentucky Educational Savings Plan Trust and STABLE Kentucky, tax credit Taxation, Income--Individual - Contributions to Kentucky Educational Savings Plan Trust and STABLE account, tax credit