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KS SB215

KS SB215
Excluding social security payments from household income and increasing the household income and appraised value thresholds for eligibility of seniors and disabled veterans related to increased property tax homestead claims.


summary

Introduced
02/05/2025
In Committee
02/06/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 Regular Session

Bill Summary

AN ACT concerning taxation; relating to homestead property tax refund claims; excluding social security payments from household income and increasing the household income and the appraised value thresholds for eligibility of seniors and disabled veterans related to increased property tax claims; amending K.S.A. 2024 Supp. 79-4508a and repealing the existing section.

AI Summary

This bill modifies the homestead property tax refund program for seniors and disabled veterans by increasing eligibility thresholds and excluding Social Security payments from household income calculations. Specifically, the bill raises the maximum household income threshold from $50,000 to $80,000 and increases the maximum appraised home value threshold from $350,000 to $595,000, starting in tax year 2025. The bill also introduces a new definition of "household income" that explicitly excludes Social Security payments received by household members, which could help more seniors and disabled veterans qualify for property tax refunds. Additionally, the bill includes provisions for future automatic adjustments to these thresholds, with the household income limit increasing annually based on the cost-of-living adjustment and the appraised value threshold changing to reflect the average percentage change in statewide residential property valuation over the preceding 10 years. Eligible claimants include individuals who are 65 years or older, disabled veterans, and their surviving spouses who have not remarried, and who meet the new income and property value criteria.

Committee Categories

Budget and Finance

Sponsors (8)

Last Action

Senate Hearing: Tuesday, February 25, 2025, 9:30 AM Room 548-S (on 02/25/2025)

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