HB564: AN ACT relating to a tax credit for qualified education expenses.

Legislative Summary

Create a new section of KRS Chapter 141 to establish a refundable tax credit for a dependent's qualified education expenses paid or incurred during the taxable year, not to exceed $150 per dependent; amend KRS 141.0205 to order the tax credit; amend KRS 131.190 to allow the Department of Revenue to report on the tax credit.