Bill No. HB131
Bill ID
2067706
State
KY
Title
AN ACT relating to a tax credit for Kentucky Educational Savings Plan Trust account contributions.
Description
Create a new section of KRS Chapter 141 to establish a nonrefundable credit against the tax imposed under KRS 141.020 for qualifying contributions made to a Kentucky Educational 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, 2027, but before January 1, 2031; amend KRS 141.0205 to provide the ordering of the tax credit; amend KRS 131.190 to allow the department to report on the credit.
Bill Type
Bill
Category
529 Accounts
Session
2026 Regular Session
Special Session
No Data Available
Current Status
Introduced
Status Last Updated
2026-01-07
Pending Committee
Calendar
No data available
Sponsors
Texts
Votes
No data available
Amendments
No data available
Supplements
No data available