Discontinuing the Kansas affordable housing tax credit for qualified developments receiving a 4% federal tax credit.
The bill discontinues the Kansas affordable housing tax credit for qualified developments receiving a 4% federal tax credit. Effective July 1, 2025, the Kansas affordable housing tax credit act will cease to apply, except for ongoing credit periods for allocations awarded before that date. No new allocations will be made after June 30, 2025. The credit can be applied against income, privilege, or premium taxes, with unused credits carried forward to subsequent years.
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