The bill establishes that the state of Kansas will participate in the federal tax credit program for individual contributions to scholarship granting organizations, as outlined in section 25F of the federal internal revenue code of 1986, effective for all taxable years beginning after December 31, 2026. The state treasurer is tasked with providing necessary information to the federal treasury, including a list of eligible scholarship granting organizations within Kansas. Additionally, the bill stipulates that no state agency may create rules or regulations that are more stringent than federal law in relation to this program.

This act will take effect upon its publication in the statute book, ensuring that Kansas aligns with federal guidelines while facilitating contributions to scholarship organizations. The bill emphasizes compliance with federal standards and aims to enhance educational funding through private contributions.

Statutes affected:
As introduced: 72-3123, 72-3712
As Amended by House Committee: 72-3123, 72-3712