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Bill > SB484
KS SB484
KS SB484Providing property tax exemptions for certain personal property including watercraft, marine equipment, off-road vehicles, motorized bicycles and certain trailers.
summary
Introduced
02/07/2024
02/07/2024
In Committee
03/18/2024
03/18/2024
Crossed Over
03/18/2024
03/18/2024
Passed
Dead
04/30/2024
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
Official Document
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