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HB 131

Kentucky - Session 26RS

House of Representatives in_committee 2026-01-14
Bill Details

Title: AN ACT relating to a tax credit for Kentucky Educational Savings Plan Trust account contributions.

Summary

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.

Sponsor
Chad Aull
Official Source Back to Bills
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Actions Timeline
Date Event Detail
2026-01-07 Introduced Bill introduced
2026-01-14 Status in_committee
2026-01-14 Latest Action 01/14/26: to Appropriations & Revenue (H)
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