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HB2090: Establishing the Kansas employee emergency savings account (KEESA) program to allow eligible employers to establish employee savings accounts, providing an income and privilege tax credit for certain eligible employer deposits to such employee savings accounts and providing a subtraction modification for certain employee deposits to such savings accounts.

IntroducedHouse
Introduced
In Committee
Passed Chamber
Passed Both
Signed

Plain-Language Summary

This bill creates a program allowing certain employers to set up employee savings accounts. Employers can get tax credits for contributing to these accounts and employees can subtract their contributions from their taxable income.

Who This Affects

This affects Kansas employers who want to help their employees build emergency savings, as well as the employees themselves who may struggle with unexpected expenses.

Key Provisions

• Allows eligible employers to establish employee savings accounts • Provides an income and privilege tax credit for certain employer deposits to these accounts • Grants a subtraction modification for certain employee deposits to these accounts

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Timeline

Introduced

Wednesday, January 22, 2025

Last Action

House Hearing: Friday, February 28, 2025, 1:30 PM Room 346-S - CANCELED

Feb 27, 2025

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