This bill amends K.S.A. 79-32,205 to increase the eligible credit amount for the earned income tax credit for Kansas residents. The amendment establishes that the credit will be set at 18% for tax years 2010 through 2012 and 17% for tax year 2026 and all subsequent years, based on the amount of the earned income credit allowed against the taxpayer's federal income tax liability. The previous provisions that specified different percentages for earlier years and the year 2013 have been deleted.

Additionally, the bill includes a provision that if the earned income tax credit exceeds the taxpayer's income tax liability, the excess amount will be refunded to the taxpayer. The existing section of K.S.A. 79-32,205 is repealed, and the act will take effect upon its publication in the statute book.

Statutes affected:
As introduced: 79-32