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Bill > SB74


KS SB74

KS SB74
Providing a refundable income tax credit for expenditures for lockable gun and ammunition storage.


summary

Introduced
01/23/2025
In Committee
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)

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