KY SB44 | 2016 | Regular Session

Status

Spectrum: Partisan Bill (Republican 5-0)
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]

Summary

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.

Tracking Information

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Title

AN ACT relating to opportunities in education.

Sponsors


History

DateChamberAction
2016-01-07Senateto Appropriations & Revenue (S)
2016-01-06Senateintroduced in Senate

Kentucky State Sources


Bill Comments

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