151B.402 Legislative findings relating to need for High School Equivalency
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/ky/151b-402A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Diplomas -- Incentives -- Administrative regulations -- Learning contracts
-- Tuition discounts -- Tax credit for employers.
(1)The General Assembly recognizes the critical condition of the educational level
of Kentucky's adult population and seeks to stimulate the attendance at, and
successful completion of, programs that provide a High School Equivalency
Diploma. Incentives shall be provided to full-time employees who complete a
High School Equivalency Diploma program within one
(1)year and their
employers.
(2)The Office of Adult Education within the Department of Workforce
Development in the Education and Labor Cabinet shall promulgate
administrative regulations to establish the operational procedures for this
section. The administrative regulations shall include but not be limited to the
criteria for:
(a)A learning contract that includes the process to develop a learning
contract between the student and the adult education instructor with the
employer's agreement to participate and support the student;
(b)Attendance reports that validate that the student is enrolled and studying
for the High School Equivalency Diploma during the release time from
work; and
(c)Final reports that qualify the student for the tuition discounts under
subsection (3)(a) of this section and that qualify the employer for tax
credits under subsection
(4)of the section.
(a)An individual who has been out of secondary school for at least three
years, develops and successfully completes a learning contract that
requires a minimum of five
(5)hours per week to study for the High
School Equivalency Diploma program, and successfully earns a High
School Equivalency Diploma shall earn a tuition discount of two hundred
fifty dollars ($250) per semester for a maximum of four
(4)semesters at
one
(1)of Kentucky's public postsecondary institutions.
(b)The program shall work with the postsecondary institutions to establish
notification procedures for students who qualify for the tuition discount.
(4)An employer who assists an individual to complete his or her learning contract
under the provisions of this section shall receive a state tax credit against the
income tax imposed by KRS 141.020 or 141.040, and the limited liability entity
tax imposed by KRS 141.0401, with credit ordering as provided in KRS
141.0205 for a portion of the released time given to the employee to study for
the tests. The application for the tax credit shall be supported with attendance
documentation provided by the Office of Adult Education and calculated by
multiplying fifty percent (50%) of the hours released for study by the student's
hourly salary, and not to exceed a credit of one thousand two hundred fifty
dollars ($1250).