Kentucky Senate Bill 44 (Prior Session Legislation)

---

Sponsorship: Partisan Bill (Republican 5)
Status: Introduced on January 6 2016 - 25% progression, died in chamber
Action: 2016-01-07 - to Appropriations & Revenue (S)
Text: Latest bill text (Draft #2) [PDF]

Create a new section of KRS Chapter 141 to provide a nonrefundable income tax credit for contributions made to an entity exempt from taxation which supports public education; create a new section of KRS Chapter 141 to establish a separate income tax credit for tuition assistance based on contributions made to a qualified scholarship-granting organization; create a new section of KRS Chapter 141 to provide goals and reporting of metrics related to those goals; amend KRS 141.0205 to establish the order in which the credits may be taken; create a new section of KRS 136.500 to 136.575 to allow financial institutions to take both tax credits against the tax imposed by KRS 136.505; create a new section of KRS 136.500 to 136.575 to order all bank franchise tax credits.

AN ACT relating to opportunities in education.

Sen. Ralph Alvarado [R]	Sen. Julie Raque Adams [R]	Sen. Joe Bowen [R]	Sen. John Schickel [R]
Sen. George Wise [R]

Date	Chamber	Action
2016-01-07	Senate	to Appropriations & Revenue (S)
2016-01-06	Senate	introduced in Senate

Type	Source
Summary	http://www.lrc.ky.gov/record/16RS/SB44.htm
Text	http://www.lrc.ky.gov/record/16RS/SB44/bill.doc
Text	http://www.lrc.ky.gov/record/16RS/SB44/bill.pdf
Supplement	http://www.lrc.ky.gov/record/16RS/SB44/FN.pdf