Kentucky Senate Bill 227 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on February 27 2020 - 25% progression, died in committee
Action: 2020-03-02 - to Appropriations & Revenue (S)
Pending: Senate Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]

Establish a Subchapter 14 under KRS Chapter 154 and create new sections thereof to allow the earn and learn tax credit in an amount up to 25% of the costs incurred by an approved company for tuition or other educational expenses paid on behalf of a qualified employee, not to exceed $1,500 and up to 50% of those costs incurred for a qualified employee in recovery, not to exceed $2,000; create a new section of KRS Chapter 141 to allow the tax credit against the income taxes and the limited liability entity tax for taxable years beginning on or after January 1, 2021, but before January 1, 2025; amend KRS 141.0205 to order the tax credit; amend KRS 131.190 to allow the Department of Revenue to report to the General Assembly.

AN ACT relating to the earn and learn tax credit.

Sen. Mike Nemes [R]

Sen. Phillip Wheeler [R]

Date	Chamber	Action
2020-03-02	Senate	to Appropriations & Revenue (S)
2020-02-27	Senate	introduced in Senate

Type	Source
Summary	https://apps.legislature.ky.gov/record/20RS/sb227.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/20RS/sb227/orig_bill.pdf