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HB 239 KY
Introduced

AN ACT relating to contributions made to a Kentucky Saves account.

KY · session 2024RS · Assembly / House · bill

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Introduced Jan 11, 2024

Latest action (Jan 11, 2024) to Committee on Committees (H)

Summary

Amend KRS 141.019 to establish an exclusion for amounts contributed to a Kentucky Saves account for taxable years beginning on or after January 1, 2025, but before January 1, 2029; create a new section of KRS Chapter 141 to establish the parameters for the Kentucky Saves exclusion and Kentucky Saves tax credit; require the Department of Revenue to report annually on the exclusion and tax credit; amend KRS 141.0205 to provide ordering of the tax credit; and amend KRS 131.190 to allow the Department of Revenue to report on the exclusion and tax credit.

Sponsors (5)

Action history (2)
  1. Jan 11, 2024 introduced in House · lower
  2. Jan 11, 2024 to Committee on Committees (H) · lower
Subjects
Education, FinanceTaxationTaxation, Income--Individual

Text versions (1)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • Introduced · PDF

Full text

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Data from OpenStates. View on OpenStates →