KY HB322 | 2022 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 19 2022 - 25% progression, died in committee
Action: 2022-01-19 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 19 2022 - 25% progression, died in committee
Action: 2022-01-19 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Create a new section of KRS Chapter 141 to establish a nonrefundable tax credit against the tax imposed under KRS 141.020 for qualifying contributions made to a Kentucky Education 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, 2022 but prior to January 1, 2026; amend KRS 131.190 to establish reporting requirements; amend KRS 141.0205 to provide the ordering of the tax credit.
Title
AN ACT relating to a tax credit for Kentucky Education Savings Plan Trust account contributions.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2022-01-19 | House | to Committee on Committees (H) |
| 2022-01-19 | House | introduced in House |
Subjects
Kentucky State Sources
| Type | Source |
|---|---|
| Summary | https://apps.legislature.ky.gov/record/22RS/hb322.html |
| Text | https://apps.legislature.ky.gov/recorddocuments/bill/22RS/hb322/orig_bill.pdf |
