Democrats in the Kansas House have announced a three-part plan of tax reforms to help manage the costs of higher education. The plan, which will be filed prior to the 2023 Legislative Session, features a $150 tax rebate for parents of college aged children, to help offset the cost of books, college fees and supplies. It would also extend the annual deadline for contributing to the State’s Learning Quest 529 College Savings Account and would create a tax credit for Kansas businesses voluntarily contributing to their employee’s student loan payments. Each provision of the plan would be applicable to students attending technical colleges, community colleges, traditional colleges and universities. The Kansas Department of Revenue estimates the package would cost $44 million annually, with most of that total connected to the $150 tax rebate.
