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]

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.

Tracking Information

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Title

AN ACT relating to a tax credit for educator expenses.

Sponsors


History

DateChamberAction
2024-02-22Houseto Committee on Committees (H)
2024-02-22Houseintroduced in House

Subjects


Kentucky State Sources


Bill Comments

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