26RS HB 694

Actions

Last Action	02/23/26: to Committee on Committees (H)
Title	AN ACT relating to an income tax credit for qualified employers.
Bill Documents	Introduced
Bill Request Number	1023
Sponsor	C. Aull
Summary of Original Version	Create a new section of KRS Chapter 141 to define terms; establish a nonrefundable income tax credit for an employer that hires an eligible employee who holds a certificate of employability; provide that the credit is equal to the amount of wages paid to the eligible employee subject to certain limitations; 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	Corrections And Correctional Facilities, State - Certificate of employability, eligible employee, income tax credit Education, Higher - Certificate of employability, eligible employee, income tax credit Education, Vocational - Certificate of employability, eligible employee, income tax credit Education, Vocational - Department of Revenue, eligible employee credit, report Taxation - Eligible employee credit, certificate of employability, establishment Taxation, Income--Corporate - Eligible employee credit, establishment Taxation, Income--Individual - Eligible employee credit, establishment