Bill > HB2387

This bill extends the income tax credit for contributions to the Eisenhower Foundation and Friends of Cedar Crest Association from January 1, 2026, to January 1, 2036. The tax credit allows taxpayers (both individual residents and corporations) to receive a 50% credit for contributions made to these organizations, with specific maximum credit limits: $25,000 for individual taxpayers and $50,000 for corporations or financial institutions. The total aggregate credit amount is capped at $350,000 per fiscal year, and the credit can only be applied to offset the taxpayer's current year's tax liability, with no ability to carry forward excess credits. The bill modifies existing Kansas tax law (K.S.A. 79-32,274 and 79-32,275) to extend the timeframe for these tax credits, essentially providing an additional decade for taxpayers to benefit from contributing to these specific organizations while maintaining the same credit structure and limitations as the previous law.

Budget and Finance

Taxation (H)

https://kslegislature.gov/li/b2025_26/measures/hb2387/