Bill
Bill > HB2468
KS HB2468
KS HB2468Electing 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
01/15/2026
01/15/2026
In Committee
03/06/2026
03/06/2026
Crossed Over
02/12/2026
02/12/2026
Passed
03/26/2026
03/26/2026
Dead
Vetoed
04/09/2026
04/09/2026
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 two main changes concerning education tax credits in Kansas. First, it allows the state of Kansas to participate in a federal tax credit program, specifically Section 25F of the Internal Revenue Code, which provides a tax credit for individuals who contribute to scholarship granting organizations, with this participation beginning for tax years after December 31, 2026, and requiring the state treasurer to share necessary information with the federal government without imposing stricter state regulations than federal law. Second, the bill amends the existing "low income students scholarship program" by increasing the aggregate limit on the total tax credits allowed for contributions to scholarship granting organizations from $10 million to $15 million annually, starting for tax year 2026 and each year thereafter, and also mandates that the secretary of education report to the legislature on the amount of credits claimed each year.
Committee Categories
Education
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Education (House)
Last Action
House Vetoed by Governor; Returned to House on Monday, April 6, 2026 (on 04/09/2026)
Official Document
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