Bill
Bill > HB2014
KS HB2014
Providing property tax exemptions for certain personal property including watercraft, marine equipment, off-road vehicles, motorized bicycles and certain trailers.
summary
Introduced
01/15/2025
01/15/2025
In Committee
01/15/2025
01/15/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 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 several categories of personal property starting January 1, 2026, including off-road vehicles not operated on highways, motorized bicycles and electric-assisted vehicles, trailers weighing 15,000 pounds or less used exclusively for personal purposes, and marine equipment. The bill defines these terms specifically, with "marine equipment" meaning watercraft trailers designed to launch, retrieve, transport, and store watercraft, and watercraft motors. Off-road vehicles are defined to include all-terrain vehicles, recreational off-highway vehicles, golf carts, off-road motorcycles, and snowmobiles. Additionally, the bill modifies existing tax laws to completely exempt watercraft from property taxes starting January 1, 2026, whereas previously they were taxed at gradually reducing rates. The legislation aims to reduce the tax burden on recreational and personal use vehicles and watercraft, potentially providing financial relief to owners of such equipment and potentially encouraging recreational and leisure activities by making these items more affordable to own.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Taxation (H)
Last Action
House Referred to Committee on Taxation (on 01/15/2025)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://kslegislature.gov/li/b2025_26/measures/hb2014/ |
Fiscal Note - Ficsal Note: As introduced | https://kslegislature.gov/li/b2025_26/measures/documents/fisc_note_hb2014_00_0000.pdf |
BillText | https://kslegislature.gov/li/b2025_26/measures/documents/hb2014_00_0000.pdf |
Loading...