Summary of Original Version

Create a new section of KRS Chapter 14 to elect for the Commonwealth to participate in the qualified elementary and secondary education scholarship federal tax credit; designate the Secretary of State as the sole official authorized to report the state's election and submit the required list to the United States Secretary of the Treasury; require the Secretary of State to publish associated administrative regulations and other guidance on a website; authorize the Secretary of State to promulgate administrative regulations to carry out the program; authorize the Secretary of State to collect a fee and accept private contributions to pay for necessary costs and establish requirements for the administration of the funds; waive Eleventh Amendment immunity for the section; amend KRS 141.019 to exclude qualified contributions made to scholarship granting organizations from allowed individual income tax dedications.

Summary of Amendment: House Committee Substitute 1

Summary Retain original provisions; declare that the General Assembly designates itself under state law to make the election with respect to federal tax benefits under 26 U.S.C sec. 25F; make the Secretary of State the sole official authorized to report the state's election or nonelection; require the Secretary of State to collect a fee; delete amendment to KRS 141.019, relating to exceptions to allowable deductions.

Summary of Amendment: House Floor Amendment 1 -- T. Bojanowski

Summary Require scholarship granting organizations to maintain a physical office or facility within the state.

Summary of Amendment: House Floor Amendment 2 -- T. Bojanowski

Summary Require scholarship granting organizations to only provide scholarships to public or nonpublic schools that do not discriminate based on race, creed, color, ethnicity, nationality, disability, age, sexual orientation, or gender identity.

Summary of Amendment: House Floor Amendment 3 -- T. Bojanowski

Summary Require scholarship granting organizations to only provide scholarships to public or nonpublic schools that do not discriminate based on race, creed, color, ethnicity, nationality, disability, age, sexual orientation, or gender identity.

Summary of Amendment: House Floor Amendment 4 -- T. Bojanowski

Summary Require scholarship granting organizations to maintain a physical office or facility within the state.

Summary of Amendment: House Floor Amendment 5 -- M. Lehman

Summary Delete language waiving immunity under the Eleventh Amendment to the Constitution of the United States.

Summary of Amendment: House Floor Amendment 6 -- R. Roarx

Summary Require the Secretary of State to submit an annual report to the Legislative Research Commission that contains demographic and financial data for recipients of scholarships from scholarship granting organizations.

Statutes affected:
Introduced: 141.019