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HB 189 Kentucky House · 2025 Regular Session

AN ACT relating to contributions made to a Kentucky qualified expense program.

Summary
Create a new section to KRS Chapter 141 to provide employers a tax credit for contributions to an employee's Kentucky Educational Savings Plan Trust account or STABLE Kentucky account; amend KRS 141.0205 to specify ordering of the credit; amend KRS 131.190 to allow the Department of Revenue to report on the credit.
Issues: ✓ Budget & TaxesSupports Budget & TaxesCreates corporate tax credit for employer contributions to education savings plans, providing tax relief and incentivizing employer benefits under Kentucky tax policy.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2025 Last action Feb 4, 2025
Floor votes

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Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
2
Feb 4, 2025
Committee
to Appropriations & Revenue (H)
lower
Jan 9, 2025
Committee
to Committee on Committees (H)
lower
Jan 9, 2025
Introduced
introduced in House
lower
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.