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Bill > SB283
KS SB283
KS SB283Decreasing individual income tax rates, discontinuing tax credits of the high performance incentive program and the Kansas affordable housing tax credit act, discontinuing payroll withholding tax benefits of the promoting employment across Kansas act, discontinuing the crediting of certain amounts to the job creation program fund and repealing certain tax credits.
summary
Introduced
03/03/2025
03/03/2025
In Committee
03/04/2025
03/04/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
AN ACT concerning taxation; relating to income tax; decreasing income tax rates for individuals; discontinuing income, premium and privilege tax credits of the high performance incentive program and the Kansas affordable housing tax credit act; repealing tax credits relating to abandoned well plugging, agritourism liability insurance, assistive technology contributions, declared disaster capital investment, environmental compliance, owners promoting employment across Kansas and swine facility improvement; relating to withholding tax; discontinuing benefits of the promoting employment across Kansas act; discontinuing the crediting of certain amounts to the job creation program fund; amending K.S.A. 65-7107, 74-50,132, 74-50,212 and 74-50,213 and K.S.A. 2024 Supp. 74-50,107, 79-32,110, 79-32,160a and 79-32,306 and repealing the existing sections; also repealing K.S.A. 79-32,204, 79-32,207, 79-32,222, 79-32,262 and 79-32,266 and K.S.A. 2024 Supp. 32-1438.
AI Summary
This bill makes several significant changes to Kansas tax law, primarily focusing on reducing individual income tax rates and discontinuing various tax credits and programs. Specifically, the bill gradually reduces income tax rates for residents from 2024 to 2027, with the top marginal tax rate decreasing from 5.53% in 2025 to 5.35% in 2027. The bill eliminates several tax credit programs, including the High Performance Incentive Program, the Kansas Affordable Housing Tax Credit Act, and the Promoting Employment Across Kansas Act. For the Job Creation Program Fund, the bill stops crediting amounts to the fund during fiscal year 2026 and prohibits new applications for benefits under certain economic development programs after July 1, 2025. Additionally, the bill repeals several existing tax credit provisions related to areas such as abandoned well plugging, agritourism liability insurance, and environmental compliance. The changes are designed to modify Kansas' tax structure, potentially reducing tax burdens for individual taxpayers while phasing out certain economic development incentive programs. The bill's provisions will be implemented gradually, with most changes taking effect between 2024 and 2026.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Assessment and Taxation (Senate)
Last Action
Senate Hearing continuation: Thursday, March 6, 2025, 9:30 AM Room 548-S (on 03/06/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://kslegislature.gov/li/b2025_26/measures/sb283/ |
| Fiscal Note - Ficsal Note: As introduced | https://kslegislature.gov/li/b2025_26/measures/documents/fisc_note_sb283_00_0000.pdf |
| BillText | https://kslegislature.gov/li/b2025_26/measures/documents/sb283_00_0000.pdf |
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