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Kansas Senate adopts cuts and three-year sunset for low-income housing tax credit
Summary
The Senate approved a conference committee report that reduces Kansas' low-income housing tax credit program, caps credits for 2025 and future years, adds a sunset through the 2028 plan year and preserves the 9% credit while eliminating the 4% program.
The Kansas Senate on April 11 adopted a conference committee report that cuts the state's low-income housing tax credit program, caps awards for the current plan year and establishes a multi-year sunset, lawmakers said.
Senator Rick Owens (Harvey), who presented the conference committee report on House Bill 22-89, told colleagues that "this bill came to us from the house as a complete elimination of the low income housing tax credit program," and that the Senate instead reduced the program by roughly 70% to preserve an ongoing pipeline of projects.
The conference compromise, as explained on the Senate floor, limits credits beginning with the 2026 plan year to a…
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