Bill > HB2208

This bill establishes the Endow Kansas Tax Credit Act, which creates a tax incentive program to encourage charitable giving to community foundations in Kansas. Specifically, for taxable years starting after December 31, 2025, taxpayers can receive a tax credit equal to 70% of their endowment gift to a qualified community foundation's permanent endowment fund, with a minimum gift requirement of $500. The total annual tax credits are capped at $3 million in 2026, increasing to $5 million by 2028, with no single community foundation allowed to receive more than 10% of the total credits. Individual taxpayers can claim up to $100,000 in credits (or $200,000 for joint filers or corporations), and any unused credits can be carried forward for up to five years. To participate, community foundations must be certified by the Kansas Department of Revenue and meet specific criteria, such as being a nonprofit organization serving Kansas, having 501(c)(3) tax-exempt status, and supporting broad-based charitable interests. Taxpayers must apply for credits before claiming them on their tax returns, and all endowment gifts must be made by the end of the tax year for which credits are allocated.

Budget and Finance

Taxation (H)

https://kslegislature.gov/li/b2025_26/measures/hb2208/