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Bill > SB74
KS SB74
KS SB74Providing a refundable income tax credit for expenditures for lockable gun and ammunition storage.
summary
Introduced
01/23/2025
01/23/2025
In Committee
01/28/2026
01/28/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
AN ACT concerning income taxation; relating to credits; providing a refundable tax credit for expenditures for lockable gun and ammunition storage; repealing unused tax credits relating to agritourism liability insurance, assistive technology contributions, declared disaster capital investment, environmental compliance, owners promoting employment across Kansas and swine facility improvement; amending K.S.A. 65-7107 and repealing the existing section; also repealing K.S.A. 79-32,204, 79-32,222, 79-32,262 and 79-32,266 and K.S.A. 2025 Supp. 32-1438.
AI Summary
This bill establishes a refundable income tax credit for Kansas residents who purchase lockable gun and ammunition storage designed primarily for such items, allowing a credit of 25% of the expenditure, up to a maximum of $250 per taxpayer, for tax years 2026 through 2028; if the credit exceeds the taxpayer's income tax liability, the excess amount can be carried forward to future tax years. The bill also repeals several existing tax credits related to agritourism liability insurance, assistive technology contributions, declared disaster capital investment, environmental compliance, employment promotion, and swine facility improvements, and amends a section of existing law concerning state plans for public assistance benefits, while also repealing other specific statutes.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Assessment and Taxation (Senate)
Last Action
Senate Committee Report recommending bill be passed as amended by Committee on Assessment and Taxation (on 01/28/2026)
Official Document
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