Bill > HB1

This bill enacts Kentucky's participation in a federal education opportunity program, specifically a qualified elementary and secondary education scholarship federal tax credit, which allows individuals to receive a federal tax credit for making qualifying contributions to scholarship granting organizations. The Secretary of State is designated as the sole official responsible for reporting Kentucky's election to participate in this program to the U.S. Secretary of the Treasury and for submitting an annual list of approved scholarship organizations. The Secretary of State will also publish relevant federal guidance on their website, create administrative regulations to implement the program, and is authorized to collect fees from scholarship organizations or accept private donations to cover administrative costs, with these funds to be held in a restricted account. Furthermore, the bill waives any Eleventh Amendment immunity related to this section, which is a constitutional protection that generally prevents individuals from suing a state in federal court without its consent. This legislation also amends an existing law to exclude these qualified contributions to scholarship granting organizations from being dedicated as individual income tax deductions.

Budget and Finance, Education

https://apps.legislature.ky.gov/record/26RS/hb1.html