Bill > HB2632

This bill, concerning taxation in Kansas, aims to expand eligibility for homestead property tax refunds for seniors and disabled veterans by increasing certain financial thresholds. Specifically, it raises the maximum household income allowed for a claimant from $50,000 to $75,000 and increases the maximum appraised value of a claimant's homestead from $350,000 to $500,000. These changes will apply to tax year 2026 and all subsequent tax years, with an adjustment for inflation to the household income threshold starting after December 31, 2026. The bill also updates the year for which these provisions are effective from 2025 to 2026 and repeals the existing section of law it amends.