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

HB 2090 would let employers with 250 or fewer employees open emergency savings accounts for their workers, receive a tax credit for the amounts they contribute, and let employees deduct their payroll deposits. It also adds a long list of new items to the definition of Kansas adjusted gross income and repeals the old provision. The program would run from 2025 through 2027 and requires annual reporting and employee notices.

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

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