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

Summary

The bill gives Kentucky businesses a non‑refundable credit equal to 20% of the money they contribute to an employee’s Kentucky Educational Savings Plan or STABLE Kentucky account, up to $500 per employee each year. The credit can be carried forward for up to five years if not fully used. Employers must report contribution details on their tax return, and the state will publish annual statistics on the credit’s use.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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