KS HB2680

Renames the "Tax Credit for Low Income Students Scholarship Program" to the "Kansas K-12 Students Scholarship Program" and removes the income eligibility requirement (previously capped at 250% of federal poverty guidelines), instead allowing students identified by a scholarship granting organization as having financial need to qualify.

Expands eligible student criteria by removing the requirement that a child be seven years of age or under when first seeking a scholarship, allowing any Kansas resident eligible to enroll in a public school to qualify for an initial scholarship.

Transfers program administration from the State Board of Education to the State Treasurer, including oversight of scholarship granting organizations, student eligibility verification, compliance certification, annual reporting, and rulemaking authority. The State Board must transfer all program records to the Treasurer on or after July 1, 2026.

Doubles the aggregate annual tax credit cap from $10,000,000 to $20,000,000, and adds an automatic 25% increase to the cap in any succeeding tax year when claimed credits exceed 75% of the current limit. Individual taxpayer contributions remain capped at $500,000 per year, with a 75% tax credit for contributions made after December 31, 2022.

Extends the 70% tax credit rate to cover tax years through the end of 2022 (previously ended before January 1, 2022) and grants the State Treasurer nonexclusive authority to market the program statewide. Excess credits may be carried forward to succeeding tax years.