Bill No. HB305
Bill ID
1559126
State
KY
Title
AN ACT relating to educational opportunity accounts.
Description
Amend KRS 141.502 to update definition of "eligible student" to increase the limit of not more than 250% of the amount of household income necessary to establish eligibility for reduced-price meals; amend KRS 141.504 to allow funds in an education opportunity account to also be used for tuition or fees to attend a prekindergarten to grade twelve nonpublic school and remove the requirements for individuals to be residents of counties of 90,000 or more to utilize the funds for nonpublic schools; amend KRS 141.510 to require a copy of the account granting organization's determination letter granting them 501(c)(3) status to be submitted with their application; amend KRS 141.512 to allow an AGO, in the first year, to allocate less than 90 percent of the total annual contributions to EOAs; amend KRS 141.522 to delete the sunset provision from the tax credit for contributions made to AGOs; increase credit cap from $25,000,000 to $100,000,000 with certain stipulations.
Bill Type
Bill
Category
Scholarship Granting Organization - Decrease Requirements, ESAs, Program Expansion, Tax Credit Vouchers, Change to Program, Income Eligibility, Specific Student Population
Session
2022 Regular Session
Special Session
No Data Available
Current Status
Introduced
Status Last Updated
2022-01-13
Pending Committee
Calendar
No data available
Sponsors
Texts
Votes
No data available
Amendments
Supplements
No data available