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Minutes for HB2208 - Committee on Taxation
Short Title
Establishing the endow Kansas tax credit act to provide tax credits for endowment gifts to certain endowment funds held by qualified community foundations.
Minutes Content for Mon, Feb 10, 2025
Chairperson Smith opened the hearing for HB2208.
Adam Siebers, Office of Revisor of Statutes, provided an overview for HB2208 that enacts the endow Kansas tax credit act providing a tax credit for endowment gifts to certain endowment funds held by qualified community foundations (Attachment 9). Mr. Siebers stood for questions from Committee members.
Proponents:
Christy L. Tustin, Kansas Association of Community Foundations, testified as a proponent for HB2208 that creates an income tax credit for taxpayers who provide an endowment gift to an unrestricted or field of interest permanent endowment fund held by a qualified community foundation in Kansas. By adopting this tax credit, the state could potentially generate significant funds to benefit Kansas for generations to come (Attachment 10) (Attachment 11) (Attachment 12). Ms. Tustin stood for questions from Committee members.
Vernon J. Hendricks, Greater Manhattan Community Foundation, testified as a proponent for HB2208 that enacts the Endow Kansas Tax Credit Act, establishing a tax credit for endowment gifts to certain endowment funds held by qualified community foundations (Attachment 13). Mr. Hendricks stood for questions from Committee members.
Written only proponent testimony for HB2208 was submitted by the following:
Sarah Meitner, Heartland Community Foundation, (Attachment 14)
Teryn Carmichael, Bird City Century II Development Foundation, (Attachment 15)
Ryan Roberts, Scott Community Foundation, (Attachment 16)
Aubrey Abbott Patterson, Hutchinson Community Foundation, (Attachment 17)
Holly Launchbaugh, South Central Community Foundation, (Attachment 18)
Jason R. Murray, Golden Belt Community Foundation, (Attachment 19)
Devin Gorman, Community Foundation of Southeast Kansas, (Attachment 20)
Marsha Pope, Topeka Community Foundation, (Attachment 21)
Gary G. McIntosh, Your Community Foundation, (Attachment 22)
Casey Venters, Lane County Community Foundation, (Attachment 23)
Conny Bogaard, Western Kansas Community Foundation, (Attachment 24)
Yazmin Wood, Legacy Regional Community Foundation, (Attachment 25)
Cheyenne Federau, Meade County Community Foundation, (Attachment 26)
Angie Tatro, Central Kansas Community Foundation, (Attachment 27)
Web Golden, Douglas County Community Foundation, (Attachment 28)
Marcus Matkin, Grant County Community Foundation, (Attachment 29)
Becky Goss, McPherson County Community Foundation, (Attachment 30)
Shelly Prichard, Wichita Foundation, (Attachment 31)
Darci Schields, Greater Northwest Kansas Community Foundation, (Attachment 32)
Ed O'Malley, Kansas Health Foundation, (Attachment 33)
Samantha Kudrick and Janie DeVore Gillis, Coffeyville Area Community Foundation, (Attachment 34)
Jessica Martin, Greater Salina Community Foundation, (Attachment 35)
There were no opponent or neutral testimony for HB2208 submitted.
Chairperson Smith closed the hearing HB2208.
Chairperson Smith adjourned the meeting.
