KY HB88

Kentucky elects to participate annually in the federal qualified elementary and secondary education scholarship tax credit program under 26 U.S.C. sec. 25F, which provides tax credits for contributions to scholarship granting organizations

The Auditor of Public Accounts is designated as the official authorized to report the state's participation election and submit the list of qualifying scholarship granting organizations to the U.S. Secretary of the Treasury

The Auditor must maintain and publish on their website a list of scholarship granting organizations, along with any applicable administrative regulations and federal guidance from the IRS

The Auditor may promulgate administrative regulations under KRS Chapter 13A to establish application processes and documentation requirements for organizations seeking inclusion on the state's list

The Auditor may enter into agreements with other state agencies to assist in implementing the program