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Bill > HB2219
KS HB2219
KS HB2219Allowing an itemized deduction for certain wagering losses for individual income tax purposes.
summary
Introduced
01/30/2023
01/30/2023
In Committee
03/25/2024
03/25/2024
Crossed Over
Passed
Dead
04/30/2024
04/30/2024
Introduced Session
2023-2024 Regular Session
Bill Summary
AN ACT concerning income taxation; allowing an itemized deduction for certain wagering losses; amending K.S.A. 2022 2023 Supp. 79-32,120 and repealing the existing section.
AI Summary
This bill allows individuals to claim an itemized deduction for certain wagering losses from their federal adjusted gross income for Kansas income tax purposes. Specifically, the bill adds a new provision to the Kansas itemized deduction that permits individuals to deduct 100% of their losses from wagering transactions, as allowed under section 165(d) of the federal Internal Revenue Code. The bill makes this change for tax years commencing on and after January 1, 2024, and repeals the existing section of the Kansas law on itemized deductions.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Taxation (House)
Last Action
House Died on Calendar (on 04/30/2024)
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/b2023_24/measures/hb2219/ |
| BillText | http://kslegislature.org/li/b2023_24/measures/documents/hb2219_01_0000.pdf |
| Analysis - Supplemental Note: As Amended by House Committee | https://kslegislature.org/li/b2023_24/measures/documents/supp_note_hb2219_01_0000.pdf |
| House Committee on Taxation Report | https://kslegislature.org/li/b2023_24/measures/documents/cr_2024_hb2219_h_3767.pdf |
| Fiscal Note - Ficsal Note: As introduced | https://kslegislature.org/li/b2023_24/measures/documents/fisc_note_hb2219_00_0000.pdf |
| BillText | http://kslegislature.org/li/b2023_24/measures/documents/hb2219_00_0000.pdf |
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