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Bill > HB2036

KS HB2036

KS HB2036
Senate Substitute for HB 2036 by Committee on Assessment and Taxation - Modifying income tax rates for individuals, exempting all social security benefits from Kansas income tax, increasing the Kansas standard deduction and the Kansas personal exemption, decreasing the privilege tax normal tax, establishing a 0% state rate for sales and use taxes for food and food ingredients on July 1, 2024, and modifying the percent credited to the state highway fund, increasing the extent of property tax exem

summary

Introduced
01/17/2023
In Committee
03/12/2024
Crossed Over
04/03/2023
Passed
04/25/2024
Dead
Vetoed
04/25/2024

Introduced Session

2023-2024 Regular Session

Bill Summary

AN ACT concerning taxation; relating to income tax; modifying tax rates for individuals; eliminating the income limit to qualify for a subtraction modification for social security income; increasing the Kansas standard deduction and the Kansas personal exemption; relating to privilege tax; decreasing the normal tax rate; relating to property tax; increasing the extent of exemption for residential property from the statewide school levy; decreasing the rate of ad valorem tax imposed by a school district; abolishing the local ad valorem tax reduction fund and the county and city revenue sharing fund and providing for certain transfers to the state school district finance fund; relating to sales and compensating use tax; reducing the state rate of tax on sales of food and food ingredients; modifying the percent credited to the state highway fund from revenue collected; amending K.S.A. 65-163j, 65-3306, 65-3327, 75-2556, 79-1107, 79-1108 and 79-1479 and K.S.A. 2023 Supp. 72-5142, 74-8768, 79-201x, 79-2988, 79-32,110, 79-32,117, 79-32,119, 79-32,121, 79-3603, 79-3603d, 79-3620, 79-3703 and 79-3710 and repealing the existing sections; also repealing K.S.A. 19-2694, 79-2960, 79-2961, 79-2962, 79-2965, 79-2966 and 79-2967 and K.S.A. 2023 Supp. 79-2959 and 79-2964.

AI Summary

This bill: - Eliminates the income limit to qualify for a subtraction modification for social security income, increasing the Kansas standard deduction and personal exemption, and decreasing the privilege tax normal tax rate. - Increases the extent of property tax exemption for residential property from the statewide school levy, decreases the rate of ad valorem tax imposed by a school district, and abolishes the local ad valorem tax reduction fund and the county and city revenue sharing fund. - Establishes a 0% state rate for sales and use taxes on food and food ingredients on July 1, 2024, and modifies the percent credited to the state highway fund from revenue collected.

Committee Categories

Budget and Finance

Sponsors (12)

Other Sponsors (1)

Assessment and Taxation (Senate)

Last Action

Senate Motion to override veto failed; Veto sustained; Yea: 26 Nay: 14 (on 04/29/2024)

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Document Type Source Location
State Bill Page http://kslegislature.org/li/b2023_24/measures/hb2036/
BillText https://kslegislature.org/li/b2023_24/measures/documents/hb2036_enrolled.pdf
Conference Committee Report https://kslegislature.org/li/b2023_24/measures/documents/ccr_2024_hb2036_s_3977.pdf
Analysis - Conference Committee Report Brief https://kslegislature.org/li/b2023_24/measures/documents/ccrb_hb2036_03_04052024.pdf
Conference Committee Report https://kslegislature.org/li/b2023_24/measures/documents/ccr_2024_hb2036_s_3978.pdf
Conference Committee Report https://kslegislature.org/li/b2023_24/measures/documents/ccr_2024_hb2036_s_3933.pdf
Analysis - Conference Committee Report Brief https://kslegislature.org/li/b2023_24/measures/documents/ccrb_hb2036_01_040324noon.pdf
BillText http://kslegislature.org/li/b2023_24/measures/documents/hb2036_02_0000.pdf
Senate Committee on Assessment and Taxation Report https://kslegislature.org/li/b2023_24/measures/documents/cr_2024_hb2036_s_3469.pdf
Analysis - Supplemental Note: Version 3 https://kslegislature.org/li/b2023_24/measures/documents/supp_note_hb2036_02_0000.pdf
Analysis - Supplemental Note: {As Amended by House Committee of the Whole} https://kslegislature.org/li/b2023_24/measures/documents/supp_note_hb2036_01_0000.pdf
BillText http://kslegislature.org/li/b2023_24/measures/documents/hb2036_01_0000.pdf
House Floor Amendment (Committee of the Whole - Motion to Amend - Offered by Representative Proctor) https://kslegislature.org/li/b2023_24/measures/documents/fa_2023_hb2036_h_1637.pdf
House Committee on Taxation Report https://kslegislature.org/li/b2023_24/measures/documents/cr_2023_hb2036_h_1235.pdf
Analysis - Supplemental Note: As introduced https://kslegislature.org/li/b2023_24/measures/documents/supp_note_hb2036_00_0000.pdf
Fiscal Note - Ficsal Note: As introduced https://kslegislature.org/li/b2023_24/measures/documents/fisc_note_hb2036_00_0000.pdf
BillText http://kslegislature.org/li/b2023_24/measures/documents/hb2036_00_0000.pdf
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