Bill
Bill > HB2252
summary
Introduced
02/12/2019
02/12/2019
In Committee
02/12/2019
02/12/2019
Crossed Over
Passed
Dead
05/21/2020
05/21/2020
Introduced Session
2019-2020 Regular Session
Bill Summary
AN ACT concerning income taxation; relating to credits; salary increases 2 to Kansas employees. 3 4
AI Summary
This bill provides an income tax credit to Kansas businesses equal to 20% of the increase in total salaries paid to their Kansas employees from the previous year, up to a maximum credit of $4,000 per year. The credit can be applied against the business's income, privilege, or premiums tax liability. The bill also allows businesses to sell or transfer the tax credits to other taxpayers. The bill provides definitions for key terms like "Kansas employees" and "salaries," and authorizes the state revenue department to adopt rules and regulations to administer the tax credit.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
House Died in Committee (on 05/21/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://kslegislature.org/li/b2019_20/measures/hb2252/ |
| BillText | http://kslegislature.org/li/b2019_20/measures/documents/hb2252_00_0000.pdf |
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