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Panel opts Kansas into federal scholarship tax credit and raises state cap to $20 million
Summary
The committee voted to opt Kansas into a federal individual-tax credit for contributions to scholarship-granting organizations, raising the state's aggregate annual cap from $10 million to $20 million (with a mechanism to grow the cap) and adding reporting and rule limitations; members debated religious affiliation of participating schools and whether the credits touch state funds.
The Committee on Education adopted amendments and voted to pass House Bill 24-68, a bill that would allow Kansas to opt into a federal tax-credit program giving individual taxpayers up to $1,700 per taxpayer in federal credit for contributions to qualifying scholarship-granting organizations (SGOs) and would increase the state's annual aggregate cap on tax credits from $10 million to $20 million with a statutory mechanism to grow the cap in later years.
Jason, the committee reviser, summarized the bill: the opt-in (section 1) would permit Kansas taxpayers to receive a federal credit for qualifying contributions; section 2 would amend the states low-income student scholarship program statute (described in…
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