Establishing the endow Kansas tax credit act to provide tax credits for endowment gifts to certain endowment funds held by qualified community foundations.

HB 2208 creates a tax credit for Kansas taxpayers who make endowment gifts of at least $500 to qualified community foundations' permanent endowment funds. The credit equals 70% of the gift amount, with individual taxpayers capped at $100,000 annually and joint/corporate taxpayers at $200,000. Annual credit limits total $3 million for 2026, rising to $5 million by 2028, and no single foundation can receive more than 10% of the yearly total. Unused credits may be carried forward for up to five years.