Kansas 2023-2024 Regular Session

Kansas House Bill HB2701

Introduced
2/6/24  
Refer
2/6/24  

Caption

Expanding the income tax credit for school and classroom supplies to increase the tax credit to $500 with an annual adjustment for the cost of inflation and to allow additional school employees to claim the credit.

Impact

If enacted, HB2701 would significantly impact the financial landscape for school employees by providing them with greater relief and support in covering their out-of-pocket expenses for classroom supplies. This could lead to an increase in the availability of essential resources within classrooms, fostering an improved learning environment and potentially affecting educational outcomes. The annual inflation adjustment feature is designed to ensure that the value of the tax credit maintains its relevance over time as costs rise.

Summary

House Bill 2701 aims to expand the income tax credit for school and classroom supplies to $500, with an annual adjustment for inflation in recognition of the rising costs faced by educators. The bill also proposes that additional school employees, not just teachers, be allowed to claim this tax credit. This change is intended to support the overall educational environment by supplying a broader range of personnel involved in student development with the means to acquire necessary classroom materials.

Contention

While supporters of HB2701 believe that expanding the credit and allowing more school employees to claim it is a necessary step for enhancing educational resources, critics may voice concerns about the financial implications of increasing the tax credit limit on the state budget. Discussions may arise regarding whether this allocation of funds is the best way to support education or if there are alternative approaches that could provide even more comprehensive support to the education sector.

Companion Bills

No companion bills found.

Previously Filed As

KS SB252

Expanding the tax credit for low income students scholarship program act to allow certain high school students and students eligible to be enrolled in certain school districts to be eligible for scholarships, increasing the tax credit for contributions and the aggregate tax credit limit, providing for aggregate tax credit increases under certain conditions and providing for program administration by the state treasurer.

KS HB2136

Expanding student eligibility under the tax credit for low income students scholarship program, increasing the amount of the tax credit for contributions made pursuant to such program and providing for aggregate tax credit limit increases under certain conditions.

KS SB87

Expanding student eligibility under the tax credit for low income students scholarship program, increasing the amount of the tax credit for contributions made pursuant to such program and providing for aggregate tax credit limit increases under certain conditions.

KS SB283

Decreasing individual income tax rates, discontinuing tax credits of the high performance incentive program and the Kansas affordable housing tax credit act, discontinuing payroll withholding tax benefits of the promoting employment across Kansas act, discontinuing the crediting of certain amounts to the job creation program fund and repealing certain tax credits.

KS HB2730

Expanding the tax credit for low income students scholarship program act to allow students enrolled in underperforming school districts to be eligible for a scholarship.

KS SB169

House Substitute for SB 169 by Committee on Taxation - providing an income tax rate of 5.15% for individuals and decreasing the normal tax for corporations, increasing the income limit for the income tax subtraction modification for social security income, increasing the standard deduction by a cost-of-living adjustment, discontinuing the food sales tax credit, decreasing the privilege tax normal tax, establishing a 0% state rate for sales and use taxes for food and food ingredients on January 1, 2024, and increasing the extent of property tax exemption for residential property from the statewide school levy.

KS SB15

Increasing the maximum amount of yearly income tax credits available for purchases under the disability employment act from qualified vendors, continuing in existence such credits beyond tax year 2023 of eligible purchases available for such credit and further defining qualifying vendors and employees eligible for the credit, establishing a grant program to facilitate transitions by employers to minimum wage employment for persons with disabilities and creating the Kansas sheltered workshop transition fund.

KS HB2275

Increasing the maximum amount of yearly income tax credits available for purchases under the disability employment act from qualified vendors, continuing in existence such credits beyond tax year 2023 of eligible purchases available for such credit and further defining qualifying vendors and employees eligible for the credit, establishing a grant program to facilitate transitions by employers to minimum wage employment for persons with disabilities and creating the Kansas sheltered workshop transition fund.

KS HB2048

Providing additional student eligibility under the tax credit for low income students scholarship program and increasing the amount of the tax credit for contributions made pursuant to such program.

KS SB147

Increasing the income tax credit amount for adoption expenses and making the credit refundable and increasing the income tax credit amount for household and dependent care expenses.

Similar Bills

No similar bills found.