The bill amends the tax credit for the low-income student scholarship program in Kansas, expanding eligibility by removing the requirement that students must have been previously enrolled in public school. It increases the tax credit for contributions made to the program and establishes conditions under which the aggregate tax credit limit can be increased. Specifically, the bill allows for educational scholarships of up to $8,000 per school year for eligible students, who now include those with various circumstances such as being in foster care or having parents in the military or emergency services.

Additionally, the bill modifies the tax credit structure, allowing for a gradual increase in the percentage of contributions that can be credited against tax liabilities, reaching up to 100% for contributions made after December 31, 2024. It also sets a cap on the total amount of credits allowed per taxpayer and establishes a mechanism for increasing the aggregate credit limit based on demand. The existing sections of the law that are being amended are repealed, and the act will take effect upon publication in the Kansas register.

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