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.

Summary

The bill would let eligible employers (250 or fewer employees) open federally insured savings accounts for workers, make an initial $50 deposit and optional matching contributions, and allow employees to add money via payroll deductions. Employers would earn a state income or privilege tax credit for the deposits they make, encouraging both recruitment and employee financial security. The program was scheduled for 2025‑2027 but died in committee.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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