HB 103 KY

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Introduced

Amend KRS 141.019 to allow a tax exclusion of amounts contributed to a qualified educational expense program as defined in 26 U.S.C. sec. 529, effective for taxable years beginning on or after January 1, 2022; amend KRS 131.190 to allow reporting of credits; add a new section to KRS Chapter 141 to provide employers a tax credit for contributions to an employee's Kentucky Educational Savings Plan Trust; amend KRS 141.0205 to specify ordering of credits; create a new section of KRS 164A.300 to 164A.380 relating to the Kentucky Educational Savings Plan Trust, to require reporting to the Department of Revenue of refunds and amounts paid for purposes other than higher education costs.

• J. Miller · primary
• K. Timoney · primary
• S. Sheldon · primary
• J. Tipton Republican · primary
• K. Upchurch Republican · primary

1. Dec 6, 2021 Prefiled by the sponsor(s). · lower
2. Jan 4, 2022 introduced in House · lower
3. Jan 4, 2022 to Committee on Committees (H) · lower
4. Jan 26, 2022 to Appropriations & Revenue (H) · lower
5. Mar 14, 2022 taken from Appropriations & Revenue (H) · lower
6. Mar 14, 2022 1st reading · lower
7. Mar 14, 2022 returned to Appropriations & Revenue (H) · lower

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