Session of 2025
HOUSE BILL No. 2387
By Committee on Taxation
Requested by Jessica Lucas on behalf of the Friends of Cedar Crest Association
2-17
AN ACT concerning income taxation; relating to credits; extending the
number of years of availability of the income tax credit for
contributions to friends of cedar crest association; amending K.S.A.
2024 Supp. 79-32,275 and repealing the existing section.
Be it enacted by the Legislature of the State of Kansas:
Section 1. K.S.A. 2024 Supp. 79-32,275 is hereby amended to read as
follows: 79-32,275. (a) For taxable years commencing after December 31,
2020, and before January 1, 2026 2036, there shall be allowed a credit
against the tax imposed by the Kansas income tax act and the privilege tax
pursuant to K.S.A. 79-1106 et seq., and amendments thereto, in an amount
equal to 50% of the total amount contributed during the taxable year by a
taxpayer subject to income tax pursuant to K.S.A. 79-32,110(a) or (c), and
amendments thereto, or subject to the privilege tax pursuant to K.S.A. 79-
1107 and 79-1108, and amendments thereto, to the friends of cedar crest
association.
(b) The amount of such credit awarded to a taxpayer in a taxable year
pursuant to this section shall not exceed:
(1) $25,000 for any taxpayer subject to the income tax on resident
individuals imposed pursuant to K.S.A. 79-32,110(a), and amendments
thereto; or
(2) $50,000 for any taxpayer subject to the income tax on
corporations imposed pursuant to K.S.A. 79-32,110(c), and amendments
thereto, or the privilege tax on financial institutions pursuant to K.S.A. 79-
1107 and 79-1108, and amendments thereto.
(c) The aggregate amount of credits claimed pursuant to this section
shall not exceed $350,000 for any fiscal year.
(d) The credit allowed by this section shall not exceed the amount of
tax imposed under the Kansas income tax act or the privilege tax reduced
by the sum of any other credits allowable pursuant to law. Such credit shall
be deducted from the taxpayer's income or privilege tax liability for the
taxable year in which the contributions are made by the taxpayer. The
taxpayer shall not be allowed to carry forward any amount of such credit
exceeding the taxpayer's income or privilege tax liability.
Sec. 2. K.S.A. 2024 Supp. 79-32,275 is hereby repealed.
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Sec. 3. This act shall take effect and be in force from and after its
publication in the statute book.
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