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KS SB386
KS SB386Electing to participate in the federal tax credit for individual contributions to scholarship granting organizations and increasing the aggregate tax credit limit on the tax credit for low income students scholarship program.
summary
Introduced
01/26/2026
01/26/2026
In Committee
01/27/2026
01/27/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
AN ACT concerning education; relating to federal tax credits for contributions to scholarship granting organizations; electing to participate in the federal tax credit for individual contributions to scholarship granting organizations; relating to the tax credit for low income students scholarship program; increasing the aggregate tax credit limit; amending K.S.A. 2025 Supp. 72-4357 and repealing the existing section.
AI Summary
This bill enacts Kansas's participation in a federal tax credit program that allows individuals to receive a tax credit for contributing to scholarship granting organizations, effective for tax years beginning after December 31, 2026, and requires the state treasurer to report necessary information to the federal government. Additionally, it modifies the existing "low income students scholarship program" by increasing the total amount of tax credits that can be claimed annually by taxpayers, raising the aggregate limit from $10 million to $20 million for tax years starting in 2026 and thereafter, with provisions for further increases up to $30 million if 75% of the limit is reached in a given year, and also adjusts the percentage of contributions eligible for the credit to 75% for tax years commencing after December 31, 2022.
Committee Categories
Education
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Education (Senate)
Last Action
Senate Referred to Committee on Education (on 01/27/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://kslegislature.gov/li/b2025_26/measures/sb386/ |
| Fiscal Note - Ficsal Note: As introduced | https://kslegislature.gov/li/b2025_26/measures/documents/fisc_note_sb386_00_0000.pdf |
| BillText | https://kslegislature.gov/li/b2025_26/measures/documents/sb386_00_0000.pdf |
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