KS HB2289

Kansas affordable housing tax credits capped at $25,000,000 for qualified allocation plan year 2025, then reduced to $8,800,000 annually for 2026-2028, with no new credits awarded after the 2028 plan year

Qualified developments receiving 4% federal tax credits (tax-exempt bond financed projects) become ineligible for state credits after November 15, 2025; only 9% federal tax credit projects remain eligible through 2028

Previously awarded credits remain valid through their full credit period and carry forward periods regardless of the program's discontinuation

Kansas housing investor tax credits become transferable starting from the year the original cash investment was made, rather than from the year of transfer, with unlimited transfers permitted

Transferability changes apply retroactively to credits issued for tax year 2022 and all subsequent years