The bill revises the Kansas K-12 students scholarship program by eliminating references to "low income" and establishing a new definition for eligible students, which includes children residing in Kansas with family incomes at or below 250% of federal poverty guidelines. It details the roles of scholarship granting organizations, the requirements for qualified schools, and the scholarship awarding process, setting a maximum scholarship amount of $8,000 per school year.

Additionally, the bill modifies the tax credit structure for contributions to scholarship granting organizations, increasing the credit percentage from 70% to 100% for tax years starting after December 31, 2024, and raising the total credit cap from $10 million to $20 million per tax year. It introduces a mechanism for adjusting the credit limit based on claims and allows taxpayers to carry over excess credits. The bill also mandates the secretary to create rules for supporting documentation for claimed credits and repeals several existing statutes, indicating a comprehensive reform of the current tax credit system. The act will take effect upon publication in the statute book.

Statutes affected:
As introduced: 72-4351, 72-4352, 72-5132, 72-4353, 72-4354, 72-4355, 72-4356, 72-4357