Bill > HB2058

This bill modifies the Selective Assistance for Effective Senior Relief (SAFESR) income tax credit to expand income eligibility for seniors. Specifically, the bill allows seniors aged 65 and older to claim a 75% tax credit on property and ad valorem taxes paid on their primary residence, with income eligibility changing over time. For tax years 2011-2024, seniors with household income at or below 120% of the federal poverty level for two persons can claim the credit. Starting in 2025, seniors with household income at or below $28,000 will be eligible, with the income threshold automatically adjusted annually for inflation using the federal cost-of-living adjustment. The credit cannot exceed the actual property taxes paid, and taxpayers cannot claim this credit if they have already received a homestead property tax refund for the same property. If the tax credit exceeds the taxpayer's income tax liability, the excess will be refunded to the taxpayer. The bill defines "household income" as all income received by household members in a calendar year, including Social Security payments. This legislation aims to provide financial relief to low-income senior citizens by reducing their property tax burden.

Budget and Finance

Taxation (H)

https://kslegislature.gov/li/b2025_26/measures/hb2058/