This bill amends the tax credit for the low-income student scholarship program in Kansas by expanding eligibility criteria and increasing the tax credit for contributions made to the program. Notably, it eliminates the requirement that students must have been previously enrolled in public school to qualify for the scholarship. The bill also raises the maximum educational scholarship amount to $8,000 per school year and introduces a mechanism for increasing the aggregate tax credit limit based on demand, allowing for a potential increase to $20 million.

Additionally, the bill modifies the tax credit structure for contributions to scholarship granting organizations, allowing for a 70% credit for contributions made in the 2016-2023 tax years, increasing to 75% for 2023-2025, and reaching 100% for contributions made after 2024. The total amount of credits allowed is capped at $10 million per year, with provisions for increasing this limit if demand exceeds 75% of the cap. The bill repeals existing sections of law that are replaced by these amendments, ensuring a streamlined approach to the scholarship program.

Statutes affected:
As introduced: 72-4353, 72-4352, 72-4357, 72-5132