Kentucky House Bill 436 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on February 16 2017 - 25% progression, died in committee
Action: 2017-02-21 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [PDF]

Amend KRS 141.010 to exclude contributions to 529 plan or STABLE account or eligible education expenses from adjusted gross income; amend KRS 164A.370 to subject excess contributions to and refunds of 529 plans to income tax; create new sections of KRS Chapter 164A to require reporting of information relating to deductions for 529 plan or STABLE account contributions to Department of Revenue and Legislative Research Commission; define terms relating to STABLE accounts; create a new section of KRS Chapter 141 to define terms relating to eligible education expenses; amend KRS 131.190 to allow the Department of Revenue to disclose information to the Legislative Research Commission; amend various KRS sections to conform.

AN ACT relating to income tax deductions for education expenses.

Rep. Addia Wuchner [R]

Rep. David Hale [R]

Rep. John Sims [D]

Date	Chamber	Action
2017-02-21	House	to Appropriations & Revenue (H)
2017-02-16	House	introduced in House

Type	Source
Summary	http://www.lrc.ky.gov/record/17RS/HB436.htm
Text	http://www.lrc.ky.gov/recorddocuments/bill/17RS/HB436/bill.pdf
Supplement	http://www.lrc.ky.gov/recorddocuments/note/17RS/HB436/FN.pdf