KY HB540 | 2018 | Regular Session

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 27 2018 - 25% progression, died in committee
Action: 2018-03-01 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [PDF]

Summary

Establish a new subchapter 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, 2019, but before January 1, 2023; amend various sections to require reporting of data to the Interim Joint Committee on Appropriations and Revenue.

Tracking Information

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Title

AN ACT relating to a new tax credit.

Sponsors


History

DateChamberAction
2018-03-01Houseto Appropriations & Revenue (H)
2018-02-27Houseintroduced in House

Kentucky State Sources


Bill Comments

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