Establishing the education opportunity tax credit to provide an income tax credit for taxpayers with eligible dependent children who are not enrolled in public school.

SB 75 creates an income tax credit for Kansas taxpayers with dependent children enrolled in private schools instead of public school. It provides $8,000 per child for accredited private schools or $4,000 for non-accredited private schools, directly affecting families choosing private education. The credit is capped at $125 million for 2025, with annual adjustments based on prior year usage, and prioritizes taxpayers who received the credit previously. Taxpayers must provide Social Security numbers for children and cannot claim the credit if their child received a scholarship under another program. Excess credit amounts are refunded if they exceed tax liability.