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 increases the maximum educational scholarship amount to $8,000 per school year and allows for aggregate tax credit limits to be raised under certain conditions.

Additionally, the bill modifies the tax credit structure for contributions to scholarship granting organizations, allowing for a gradual increase in the percentage of the contribution that can be credited against tax liability, reaching up to 100% for contributions made after December 31, 2024. It also establishes a mechanism for increasing the aggregate credit limit based on the total amount of credits claimed in previous years, with a cap of $20 million. The bill repeals existing sections of law that are being amended, ensuring a streamlined and updated legal framework for the scholarship program.

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