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HB2208: Establishing the endow Kansas tax credit act to provide tax credits for endowment gifts to certain endowment funds held by qualified community foundations.
IntroducedHouse
Introduced
In Committee
Passed Chamber
Passed Both
Signed
Plain-Language Summary
This bill proposes a tax credit for people who donate to certain endowment funds held by qualified community foundations. The goal is to encourage more donations and support local communities.
Who This Affects
Residents of Kansas who contribute to these endowment funds will benefit from the tax credits, potentially increasing their overall savings.
Key Provisions
• Provides tax credits for endowment gifts to certain endowment funds held by qualified community foundations
• Aims to encourage more donations and support local communities through these funds
• Does not specify which specific community foundations or endowment funds are eligible
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Timeline
Introduced
Sunday, February 2, 2025
Last Action
House Hearing: Monday, February 10, 2025, 3:30 PM Room 346-S
Feb 9, 2025
Sponsors
No sponsors listed.
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