SB87

Expands eligibility for the tax credit for low income students scholarship program and increases tax credit limits.

The bill expands eligibility for the tax credit for low income students scholarship program in Kansas. It removes the requirement that students must have been previously enrolled in public school. It also increases the tax credit for contributions made to the program. The bill sets an aggregate tax credit limit of $10,000,000 per tax year, with an option to increase it by 25% if the total credits claimed exceed 75% of the limit, up to a maximum of $20,000,000. The tax credit for contributions made after December 31, 2024, is set at 100% of the contribution amount.