26RS HB 237

Actions

Last Action	01/08/26: to Committee on Committees (H)
Title	AN ACT relating to the employer student loan repayment credit.
Bill Documents	Introduced
Bill Request Number	809
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% of the amount paid by an employer on an eligible student loan of a qualified employee effective for taxable years beginning January 1, 2026, but before January 1, 2030; 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 Reports Mandated - Department of Revenue, employer student loan repayment credit, annual report 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