Salina Tech

Kansas HB 2239
Tax Credit For Capital Outlay

Donations to the Capital Outlay Fund

Capital outlay for SATC is used to provide equipment and infrastructure needs for the programs on campus. The college receives a state appropriation for a capital outlay of approximately $120,000 per year. The appropriation varies each year depending upon enrollment and the availability of state funds. The college has millions in needs that will keep growing.

Subject to limitations and approval by the Kansas Secretary of Revenue, tax credits will be issued to donors who provide up to $250,000 to SATC Educational Foundation designated for the SATC capital outlay fund. Taxpayers may offset up to 100% of the taxpayer’s Kansas income, privilege, or premiums tax liability for each taxable year 2022 – 2026. The combination of federal and state deductions for charitable contributions and the tax credit of 60% could mean a net gain for higher wage earners, as much as 77%. Please consult a tax professional.

40% Federal
40% State

Tax Deducution
____

60% Kansas
Tax Credit

____

Lower overall tax bill
as much as 77% of your donation

____

Corporation S,
Corporation C,

Partnership,
Individuals

____

$250,000 per taxpayer
$500,000 per college
available "2022-2026"

If you are interested in learning more about Kansas HB 2239 contact:

Brenda Gutierrez - SATC Foundation Director at 785-309-3121 or

Greg Nichols - SATC President and CEO at 785-309-3182

To Make a Donation to the Tax Credit for Capital Outlay

First Name *

Last Name *

Spouse's First Name

Spouse's Last Name

Company Name

Street Address *

City *

State *

Zip Code *

Phone Number *

Email Address *

Amount of Donation *

Donor must confirm the intentions of the donation towards the Salina Tech Capital Outlay Fund by signing this form: *

clear

Once submitted, you will be contacted for more information needed to complete this donation for tax purposes.

Credit or Debit (you will be rerouted to PayPal BUT you do not need a PayPal account in order to complete payment, use PayPal Guest by clicking on Pay by Debit or Credit). *

Credit or Debit in memo put for Salina Tech Capital Outlay Fund

Check - Make Check out to Salina Area Technical College in memo write in Capital Outlay Fund and mail to the address below Attention: Jamie Palenske

Thank you for your support to Salina Area Technical College

Salina Area Technical College

2562 Centennial Rd.

Salina, Kansas 67401

785-309-3100

Fax: 785-309-3101