Increases the contribution that a resident taxpayer may make to family tuition accounts during a taxable year.
Amends the college tuition credit; eliminates the credit for taxpayers whose adjusted gross income is over $15,000,000; sets a sliding scale.
Allowing a taxpayer to elect the taxable year in which a subtraction modification for contributions to a qualified tuition program would be applied.
Provides that retirement contributions of public employees with ten or more years of service shall be three per centum per annum.
AN ACT relating to contributions made to a Kentucky Saves account.
Establishes a personal income tax deduction for the interest paid on student loans by individual taxpayers having a federal adjusted income of between $65,000 and $125,000, and married taxpayers filing jointly having a federal adjusted income of between $130,000 and $250,000.
Provides that certain persons who are not residents of the state but who have resided in the state for a certain period of time and meet certain criteria shall be eligible for in-state tuition rates.
Tax credit for ABLE account contributions.
An Act Concerning Personal Income Tax Deductions For Contributions To Family And Medical Leave Benefit Accounts.
Increases the amounts of contributions that may be made tax free to family tuition accounts.