Bill > HB2289

This bill modifies the Kansas Affordable Housing Tax Credit program by implementing several key changes. For the 2025 tax year, the maximum amount of tax credits that can be awarded is set at $25,000,000, which then decreases to $8,800,000 for the 2026-2028 allocation plan years. Starting November 15, 2025, the Kansas Housing Resources Corporation (KHRC) will no longer accept applications or award credits for qualified developments receiving 4% federal tax credits (typically financed through tax-exempt bonds), but will continue to award credits for 9% federal tax credit developments. After the 2028 qualified allocation plan, no new credits will be awarded at all. The bill also modifies the Kansas Housing Investor Tax Credit by allowing credits to be more flexibly transferred between taxpayers, retroactive to the 2022 tax year. Specifically, credits can now be transferred to any person (not just qualified investors) and can be claimed starting from the year the original cash investment was made. These changes aim to adjust and eventually phase out certain housing development tax credit programs in the state, potentially to redirect resources or modify housing development incentives.

Transportation and Infrastructure

Transportation (H)

https://kslegislature.gov/li/b2025_26/measures/hb2289/