KY HB681 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 22 2024 - 25% progression, died in committee
Action: 2024-02-22 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 22 2024 - 25% progression, died in committee
Action: 2024-02-22 - 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 for eligible educator expenses of up to $2,000 for single returns or $4,000 for married educators filing a joint return; amend KRS 141.019, relating to the individual income tax, to include in adjusted gross income the amount deducted for expenses of an eligible educator, if the educator expense tax credit is allowed; 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 on the credit.
Title
AN ACT relating to a tax credit for educator expenses.
Sponsors
History
Date | Chamber | Action |
---|---|---|
2024-02-22 | House | to Committee on Committees (H) |
2024-02-22 | House | introduced in House |
Subjects
Kentucky State Sources
Type | Source |
---|---|
Summary | https://apps.legislature.ky.gov/record/24RS/hb681.html |
Text | https://apps.legislature.ky.gov/recorddocuments/bill/24RS/hb681/orig_bill.pdf |