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KS SB484

KS SB484
Providing property tax exemptions for certain personal property including watercraft, marine equipment, off-road vehicles, motorized bicycles and certain trailers.


summary

Introduced
02/07/2024
In Committee
03/18/2024
Crossed Over
03/18/2024
Passed
Dead
04/30/2024

Introduced Session

2023-2024 Regular Session

Bill Summary

AN ACT concerning property taxation; relating to exemptions; providing exemptions for certain personal property including watercraft, marine equipment, off-road vehicles, motorized bicycles and certain trailers; amending K.S.A. 79-213 and 79-5501 and repealing the existing sections.

AI Summary

This bill provides property tax exemptions for certain personal property, including watercraft, marine equipment, off-road vehicles, motorized bicycles, and certain trailers. Specifically, it exempts off-road vehicles not operated on highways, motorized bicycles and similar vehicles, trailers with a gross weight of 15,000 pounds or less used exclusively for personal use, and marine equipment like watercraft trailers and motors. The bill also phases out property taxes on watercraft, with a full exemption starting in 2025. Additionally, it amends the process for requesting property tax exemptions in Kansas. The bill aims to provide tax relief for these types of personal property.

Committee Categories

Budget and Finance

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Ways and Means (Senate)

Last Action

House Died in House Committee (on 04/30/2024)

Taxonomy

Government Operations
  • ‐ Tax Administration and Collection of Revenue
Macroeconomics
  • ‐ Taxation, Tax Policy, and Tax Reform

bill text


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bill summary

Document Type Source Location Created
State Bill Page https://kslegislature.org/li/b2023_24/measures/sb484/ 02/07/2024
BillText http://kslegislature.org/li/b2023_24/measures/documents/sb484_02_0000.pdf 03/15/2024
Analysis - Supplemental Note: {As Amended by Senate Committee of the Whole} https://kslegislature.org/li/b2023_24/measures/documents/supp_note_sb484_02_0000.pdf 03/15/2024
Senate Floor Amendment (Committee of the Whole - Motion to Amend - Offered by Senator Peck) https://kslegislature.org/li/b2023_24/measures/documents/fa_2024_sb484_s_3563.pdf 03/14/2024
BillText http://kslegislature.org/li/b2023_24/measures/documents/sb484_01_0000.pdf 02/21/2024
Senate Committee on Assessment and Taxation Report https://kslegislature.org/li/b2023_24/measures/documents/cr_2024_sb484_s_3277.pdf 02/21/2024
Analysis - Supplemental Note: As Amended by Senate Committee https://kslegislature.org/li/b2023_24/measures/documents/supp_note_sb484_01_0000.pdf 02/21/2024
Fiscal Note - Ficsal Note: As introduced https://kslegislature.org/li/b2023_24/measures/documents/fisc_note_sb484_00_0000.pdf 02/15/2024
BillText http://kslegislature.org/li/b2023_24/measures/documents/sb484_00_0000.pdf 02/08/2024
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