The bill establishes Kansas's participation in the federal tax credit program for individual contributions to scholarship granting organizations, effective for taxable years beginning after December 31, 2026. It mandates that the state treasurer provide necessary information to the federal treasury regarding eligible scholarship organizations in Kansas. Additionally, it prohibits state agencies from creating regulations that are more stringent than federal law in implementing this program.

The bill amends K.S.A. 2025 Supp. 72-4357 to increase the tax credit for contributions to scholarship granting organizations from 70% to 75% for tax years commencing after December 31, 2022. It also raises the aggregate tax credit limit from $10 million to $15 million for any one tax year starting in 2026. The existing section of K.S.A. 2025 Supp. 72-4357 is repealed, and the bill includes provisions for reporting and carrying over excess tax credits.

Statutes affected:
As introduced: 72-4357
As Amended by House Committee: 72-4357
As Amended by Senate Committee: 72-4357
Enrolled: 72-4357