Kentucky HB88 establishes the state's participation in the federal tax credit for qualified elementary and secondary education scholarships.
Kentucky HB88 creates a new section in the Kentucky Revised Statutes to formalize the state's participation in the federal tax credit for qualified elementary and secondary education scholarships. The bill designates the Auditor of Public Accounts to maintain a list of scholarship granting organizations and publish it on their website. The Auditor is also authorized to report the state's election to participate in the tax credit and submit the list of scholarship organizations to the Secretary of the Treasury.
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