AN ACT relating to a tax credit for entities participating in the Metropolitan College.

Amend KRS 141.381 to include a historically black college and university in the definition of "educational institution"; extend the sunset date of the income tax credit to April 15, 2037.

Introduced: February 12, 2025

Last action: February 14, 2025

To Appropriations & Revenue (H)

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This bill would expand an existing income tax credit related to the Metropolitan College program to include historically Black colleges and universities, which are currently not covered. It also extends the program's expiration date to April 15, 2037, keeping the tax credit available for more than a decade longer than it would otherwise last. Who it may affect: businesses participating in the Metropolitan College program, students attending historically Black colleges and universities, and employers who help fund workforce education partnerships.

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