HB2090 Kansas: Establishing the Kansas employee emergency…

HB2090

Establishing the Kansas employee emergency savings account (KEESA) program to allow eligible employers to establish employee savings accounts, providing an income and privilege tax credit for certain eligible employer deposits to such employee savings accounts and providing a subtraction modification for certain employee deposits to such savings accounts.

Kansas HB2090 establishes the Kansas employee emergency savings account (KEESA) program to incentivize employers to contribute to employee savings.

Kansas HB2090 creates the Kansas employee emergency savings account (KEESA) program for eligible employers to establish employee savings accounts. Employers can make initial deposits and additional deposits based on matching funds. Employees can participate by authorizing payroll deductions. The program includes tax credits for employer deposits up to $50 per account and $325 per employee annually, and for employee deposits. The accounts are federally insured and offer online and mobile banking access. Employers must report account details annually to the secretary of commerce.

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HB2090

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HB2090

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