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KS HB2119
Bill
Status
2/20/2025
Primary Sponsor
Commerce, Labor and Economic Development
Click for details
AI Summary
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Discontinues the Kansas affordable housing tax credit for developments receiving 4% federal tax credits (tax-exempt bond financed projects) effective November 15, 2025
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Continues the state affordable housing tax credit for developments receiving 9% federal tax credits, with annual state credit allocations capped at 100% of the state's 9% federal housing credit ceiling
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Preserves existing credit allocations awarded on or before November 14, 2025, allowing those developments to receive credits through the full credit period and any carry forward period
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Amends K.S.A. 2024 Supp. 79-32,306 within the Kansas Affordable Housing Tax Credit Act
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Takes effect upon publication in the statute book
Legislative Description
Discontinuing the Kansas affordable housing tax credit for qualified developments receiving a 4% federal tax credit.
Last Action
Senate Withdrawn from Calendar, Rereferred to Committee on Commerce
1/12/2026