
Tax Credit Scholarship Bill Advances
Clip: Season 4 Episode 332 | 3m 16sVideo has Closed Captions
Lawmakers advance a bill to create a tax credit scholarship program.
A bill that would allow for tax credit scholarships to public and private school students is now on its way to Governor Andy Beshear's desk. Our Emily Sisk has more on House Bill 1, which Republicans say is a win for all K-12 students.
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Kentucky Edition is a local public television program presented by KET

Tax Credit Scholarship Bill Advances
Clip: Season 4 Episode 332 | 3m 16sVideo has Closed Captions
A bill that would allow for tax credit scholarships to public and private school students is now on its way to Governor Andy Beshear's desk. Our Emily Sisk has more on House Bill 1, which Republicans say is a win for all K-12 students.
Problems playing video? | Closed Captioning Feedback
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Learn Moreabout PBS online sponsorshipA bill that would allow for tax credit scholarships to public and private school students is now on its way to Governor Andy Beshear.
Desk.
Our Emily Sisk has more on House Bill one, which Republicans say is a win for all K-through-12 students.
Details.
As we kick off tonight's legislative update.
Do you want to send $1,700 to Washington, D.C., or do you want to invest in the education of a student here in Kentucky?
A dollar for dollar tax credit.
It cost you zero if you are a federal taxpayer.
Senate President Pro Tem David Gibbons, making the argument on the Senate floor today in support of HB one, which would allow Kentucky to opt in to the federal tax credit program, which was made possible by President Donald Trump's one big, beautiful bill.
The measure allows taxpayers to reap a dollar for dollar tax credit for up to $1,700 when they donate to scholarship granting organizations or CEOs.
As we all pay tax dollars, or shouldn't we have a choice of where our taxpayers dollars go?
So what would happen with the money that's intended for this tax credit program?
Well, it would go to a scholarship granting organization of the taxpayers choice.
These organizations are not for profit, and they could be set up by a school district or another entity.
One important part of the program is that the money could go toward public or private school students, which is where one Little Democrats drew the line.
We have a way, because of what Trump did to bypass the Constitution of Kentucky and to bypass the will of the voters in Kentucky, to give your tax dollars to private schools.
The other piece of HB one is who can receive the money that's been given to scholarship granting organizations.
Any family with a K through 12 student who makes at or below 300% of the area's gross median income, could stand to benefit.
300% of the median income.
Average is $150,000.
If you have two parents working, that's $75,000 a piece that you're earning and you would qualify for your kids with that, not those above.
That's the rich.
Those underneath that are the ones that qualify for this.
Once awarded, the scholarship money could be used on things like extracurriculars, private school tuition, internet access, books and more.
Despite some objections from minority lawmakers, HB one passed the Senate floor with a vote of 33 to 5, with one Democrat voting yes with passage in both chambers.
It now heads to the governor's desk for his consideration.
For Kentucky Edition, I'm Emily assist.
Thank you.
Emily.
If Kentucky opt in, the tax credit scholarships could begin as soon as next year.
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