{"data":{"id":"us-ky/krs-164a.370","jurisdiction":"us-ky","citation":"KRS 164A.370","heading":"Tax exemption.","body":"The property of the trust and its income from operations shall be exempt from all taxation\nby the Commonwealth of Kentucky or any of its political subdivisions. Investment\nincome earned on contributions paid by any participant and used for qualified educational\nexpenses defined in KRS 164A.305(13) or refunded under KRS 164A.350 shall not be\nsubject to Kentucky income tax by either a participant or any beneficiary of a\nparticipation agreement, the purposes for which the investment income was accrued being\ndeemed and declared to be entirely public in nature. Earnings that are not used for\nqualified educational expenses as defined in KRS 164A.305(13) and are refunded shall be\nsubject to Kentucky income tax, except for earnings refunded pursuant to KRS 164A.350.","path":["KRS Chapter 164A"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=47982","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:19Z","sha256":"9b3a4684a6a22c742d568539d42bb41a7b03ceccffba7ac36ad0181faef3b102","source_id":"us-ky","stale":false,"prev":"us-ky/krs-164a.365","next":"us-ky/krs-164a.375"},"notice":"GroundRules: Original legal text. Not legal advice."}