Kansas 2023-2024 Regular Session

Kansas House Bill HB2764

Introduced
2/8/24  
Refer
2/8/24  

Caption

Establishing a tax credit for contributions to eligible charitable organizations operating pregnancy centers or residential maternity facilities and establishing a child tax credit, increasing the tax credit amount for adoption expenses and making the credit refundable and providing a sales tax exemption for pregnancy resource centers and residential maternity facilities.

Impact

If enacted, HB2764 will modify existing tax regulations under the Kansas income tax act, providing a 70% credit for contributions made to qualifying organizations. The legislation stipulates that for taxable years commencing after December 31, 2023, individuals may receive a refundable tax credit based on qualifying child adoption expenses that had previously had a limited tax benefit. This would signify an enhancement of financial support for adoptive families and an assurance of continued support for charitable organizations, potentially leading to broader community engagement.

Summary

House Bill 2764 establishes significant tax credits aimed at enhancing support for families through adoption and providing resources to pregnancy centers and residential maternity facilities. Specifically, the bill introduces tax incentives for contributions made to eligible charitable organizations that help women carry pregnancies to term, encourage parenting, and promote adoption, alongside provisions for a child tax credit. The proposal aims to increase the financial relief available to residents in Kansas who engage with these services, thus enhancing community support structures.

Contention

Debates surrounding the bill may focus on the implications of increased tax credits and exemptions, particularly regarding their impact on state revenue and funding for other essential services. Opposition might arise from concerns about the prioritization of funding towards organizations that have specific ideologies, potentially affecting broader healthcare and reproductive rights discussions. Ultimately, the bill aims to reinforce family-oriented tax policies, with supporters advocating for its benefits in fostering a pro-family legislative environment.

Companion Bills

No companion bills found.

Similar Bills

KS SB498

Establishing a tax credit for contributions to eligible charitable organizations operating pregnancy centers or residential maternity facilities, increasing the tax credit amount for adoption expenses and making the credit refundable and providing a sales tax exemption for pregnancy resource centers and residential maternity facilities.

KS HB2465

Enacting the adoption savings account act allowing individuals to establish adoption savings accounts with certain financial institutions, providing eligible expenses, requirements and restrictions for such accounts and establishing addition and subtraction modifications for contributions to such accounts under the Kansas income tax act, increasing the income tax credit amount for adoption expenses, establishing an income, privilege and premium tax credit for contributions to eligible charitable organizations operating pregnancy centers or residential maternity facilities and providing for a sales tax exemption for purchases by pregnancy resource centers and residential maternity facilities.

KS SB6

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KS HB2081

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KS HB2388

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KS SB26

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KS SB278

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KS HB2004

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