26RS HB 343

Actions

Last Action	01/13/26: to Committee on Committees (H)
Title	AN ACT relating to contributions made to a Kentucky qualified expense program.
Bill Documents	Introduced
Bill Request Number	1143
Sponsors	A. Thompson, R. Duvall, M. Lockett
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	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 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