HB 582 (BR 840) - T. Mills
AN ACT relating to tax credits to promote quality education in Kentucky.
Create new sections of KRS Chapter 141 to establish a tuition assistance tax credit and an innovative education tax credit; amend KRS 141.010 to exclude from any amount received as tuition assistance from the definition of "adjusted gross income"; amend KRS 141.0205 to establish the order in which the credits may be taken; create a new section of KRS 135.500 to 136.575 to allow financial institutions to take the tuition assistance tax credit and the innovative education tax credit against the bank franchise tax.
Mar 2-introduced in House
Mar 4-to Appropriations & Revenue (H)
Mar 12-posted in committee