Bill > HB2469

This bill expands an existing income tax credit for qualified railroad track maintenance expenditures, allowing it to be applied against certain premium taxes, privilege fees, and privilege taxes levied on financial institutions, in addition to the original income tax. Qualified railroad track maintenance expenditures are defined as gross expenditures for maintaining, reconstructing, or replacing railroad track, including related structures, located in Kansas and owned or leased by an eligible taxpayer as of January 1, 2022, excluding expenditures used for federal tax credits or funded by grants. The bill also permits unused credits to be transferred to any individual or entity subject to these taxes, with specific requirements for reporting the transfer to the Kansas Department of Revenue. The original law being amended, K.S.A. 2025 Supp. 79-32,297, is repealed and replaced by these new provisions.

Budget and Finance

Taxation (House)

https://kslegislature.gov/li/b2025_26/measures/hb2469/