HB 322

  • Kentucky House Bill
  • 2022 Regular Session
  • Introduced in House Jan 19, 2022
  • House
  • Senate
  • Governor

AN ACT relating to a tax credit for Kentucky Education Savings Plan Trust account contributions.

Abstract

Create a new section of KRS Chapter 141 to establish a nonrefundable tax credit against the tax imposed under KRS 141.020 for qualifying contributions made to a Kentucky Education Savings Plan trust account in accordance with the guidelines in 26 U.S.C. sec. 529, for taxable years beginning on or after January 1, 2022 but prior to January 1, 2026; amend KRS 131.190 to establish reporting requirements; amend KRS 141.0205 to provide the ordering of the tax credit.

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Jan 19, 2022

House

introduced in House

House

to Committee on Committees (H)

Bill Text

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Introduced PDF

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