Kansas HB2468 elects to participate in the federal tax credit for individual contributions to scholarship granting organizations and increases the.

Kansas HB2468 elects the state to participate in the federal tax credit for individual contributions to scholarship granting organizations. It allows a credit of 70% for contributions made between 2017 and 2022, and 75% for contributions made after 2022. The bill also increases the aggregate tax credit limit for the low-income students scholarship program to $20,000,000 per tax year, with an annual increase of 25% if the limit is exceeded, up to a maximum of $30,000,000. The bill amends and repeals existing sections to implement these changes.

Kansas HB2468 elects to participate in the federal tax credit for individual contributions to scholarship granting organizations and increases the.

Kansas HB2468 elects the state to participate in the federal tax credit for individual contributions to scholarship granting organizations. It allows a credit of 70% for contributions made between 2017 and 2022, and 75% for contributions made after 2022. The bill also increases the aggregate tax credit limit for the low-income students scholarship program to $20,000,000 per tax year, with an annual increase of 25% if the limit is exceeded, up to a maximum of $30,000,000. The bill amends and repeals existing sections to implement these changes.