Kentucky House Bill 87 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 6 2015 - 25% progression, died in committee
Action: 2015-01-06 - to Appropriations & Revenue (H)
Pending: House Appropriations and Revenue Committee
Text: Latest bill text (Draft #1) [MS Word]

Create a new section of KRS Chapter 141 to establish a scholarships for at-risk children tax credit program for scholarships for at-risk children; provide a nonrefundable credit against the income tax imposed under KRS 141.020 or 141.040, and the limited liability entity tax imposed under KRS 141.0401, for contributions made to a scholarship organization that is organized solely for the purpose of receiving and distributing cash contributions to provide educational scholarships to eligible students at qualified schools; amend KRS 141.010 to exclude from the definition of "adjusted gross income" the amount received by an eligible student or by an individual on behalf of an eligible student as an educational scholarship under the program; amend KRS 141.0205 to provide the order in which the credit may be claimed.

AN ACT relating to scholarships for at-risk children.

Rep. Brad Montell [R]

Rep. Robert Benvenuti [R]

Date	Chamber	Action
2015-01-06	House	to Appropriations & Revenue (H)
2015-01-06	House	introduced in House

Type	Source
Summary	http://www.lrc.ky.gov/record/15RS/HB87.htm
Text	http://www.lrc.ky.gov/record/15RS/HB87/bill.doc