AN ACT relating to a tax credit for Kentucky Education Savings Plan Trust account contributions.
This bill did not become law and its session has ended, so it can no longer move. It would have to be reintroduced.
- Stage
- Session ended
- Started in
- House
- Latest action
- Jan 19, 2022
What it does
Create a new section of KRS Chapter 141 to establish a nonrefundable tax credit against the tax imposed under KRS 141.020 for qualifying contributions made to a Kentucky Education Savings Plan trust account in accordance with the guidelines in 26 U.S.C. sec. 529, for taxable years beginning on or after January 1, 2022 but prior to January 1, 2026; amend KRS 131.190 to establish reporting requirements; amend KRS 141.0205 to provide the ordering of the tax credit.
Where it stands
This bill did not become law and its session has ended, so it can no longer move. It would have to be reintroduced.
Introduced (Done)
Committee (Current step)
Floor (Needs attention)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
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