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 provisions for increasing the aggregate tax credit limit under certain conditions.

Additionally, the bill modifies the tax credit structure for contributions to scholarship granting organizations, allowing for a gradual increase in the credit percentage from 70% to 100% over the next few years. It establishes a cap on the total amount of credits allowed per taxpayer and sets an aggregate limit for the total credits issued each year, with provisions for increasing this limit based on demand. The bill repeals existing sections of the law that are being amended, ensuring a streamlined approach to the scholarship program and its funding mechanisms.

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