HB 131 KY
AN ACT relating to a tax credit for Kentucky Educational Savings Plan Trust account contributions.
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Summary
Create a new section of KRS Chapter 141 to establish a nonrefundable credit against the tax imposed under KRS 141.020 for qualifying contributions made to a Kentucky Educational 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, 2027, but before January 1, 2031; amend KRS 141.0205 to provide the ordering of the tax credit; amend KRS 131.190 to allow the department to report on the credit.
Sponsors (2)
- C. Aull Democratic · primary
- A. Donworth Democratic · primary
Action history (3)
- Jan 7, 2026 introduced in House · lower
- Jan 7, 2026 to Committee on Committees (H) · lower
- Jan 14, 2026 to Appropriations & Revenue (H) · lower
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