KY SB118 | 2019 | Regular Session
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on February 5 2019 - 25% progression, died in committee
Action: 2019-02-08 - to Appropriations & Revenue (S)
Pending: Senate Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 5 2019 - 25% progression, died in committee
Action: 2019-02-08 - to Appropriations & Revenue (S)
Pending: Senate Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Create a new section of KRS Chapter 141 to establish a separate income tax credit for tuition assistance based on contributions made to a qualified scholarship-granting organization; create a new section of KRS Chapter 141 to provide goals and reporting of metrics related to those goals; amend KRS 141.0205 to establish the order in which the credits may be taken; create a new section of KRS 136.500 to 136.575 to allow financial institutions to take the tax credit against the tax imposed by KRS 136.505; create a new section of KRS 136.500 to 136.575 to order all tax credits; create a new section of KRS Chapter 136 to require the Kentucky Department of Education to publish a list of certified nonpublic schools and nonpublic schools seeking certification; require the Department of Revenue to report information to the Legislative Research Commission; amend KRS 131.190 to conform.
Title
AN ACT relating to opportunities in education.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2019-02-08 | Senate | to Appropriations & Revenue (S) |
2019-02-05 | Senate | introduced in Senate |
Subjects
Administrative Regulations and Proceedings
Banks and Financial Institutions
Charitable Organizations and Institutions
Education, Elementary and Secondary
Education, Finance
Reports Mandated
State Agencies
Taxation
Taxation, Income--Corporate
Taxation, Income--Individual
Banks and Financial Institutions
Charitable Organizations and Institutions
Education, Elementary and Secondary
Education, Finance
Reports Mandated
State Agencies
Taxation
Taxation, Income--Corporate
Taxation, Income--Individual