Kentucky House Bill 103 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 5-0)
Status: Introduced on January 4 2022 - 25% progression, died in committee
Action: 2022-03-14 - returned to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Introduced) [PDF]

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.

AN ACT relating to contributions made to a Kentucky qualified educational expense program.

Rep. Jerry Miller [R]	Rep. Killian Timoney [R]	Rep. Steve Sheldon [R]	Rep. James Tipton [R]
Rep. Ken Upchurch [R]

Date	Chamber	Action
2022-03-14	House	returned to Appropriations & Revenue (H)
2022-03-14	House	1st reading
2022-03-14	House	taken from Appropriations & Revenue (H)
2022-01-26	House	to Appropriations & Revenue (H)
2022-01-04	House	to Committee on Committees (H)
2022-01-04	House	introduced in House
2021-12-06	House	Prefiled by the sponsor(s).

Type	Source
Summary	https://apps.legislature.ky.gov/record/22RS/hb103.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/22RS/hb103/orig_bill.pdf
Supplement	https://apps.legislature.ky.gov/recorddocuments/note/22RS/hb103/FN.pdf