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Bill > HB2642
KS HB2642
KS HB2642Removing obsolete reference to global intangible low-taxed income provided for under the federal internal revenue code in determining Kansas adjusted gross income.
summary
Introduced
02/03/2026
02/03/2026
In Committee
02/19/2026
02/19/2026
Crossed Over
02/18/2026
02/18/2026
Passed
Dead
Introduced Session
2025-2026 Regular Session
Bill Summary
AN ACT concerning income taxation; relating to addition and subtraction modifications; removing obsolete reference to global intangible low- taxed income provided for under the federal internal revenue code; amending K.S.A. 2025 Supp. 79-32,117 and repealing the existing section.
AI Summary
This bill amends Kansas tax law to remove an outdated reference to "global intangible low-taxed income" (GILTI) from the calculation of Kansas adjusted gross income. GILTI is a provision within the U.S. federal internal revenue code that taxes certain income earned by foreign subsidiaries of U.S. companies. The bill specifically removes this reference from the list of income items that are added to or subtracted from an individual's federal adjusted gross income to determine their Kansas adjusted gross income, effectively making it no longer a factor in Kansas income tax calculations.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Taxation (House)
Last Action
Senate Referred to Committee on Assessment and Taxation (on 02/19/2026)
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/hb2642/ |
| Analysis - Supplemental Note: As introduced | https://kslegislature.gov/li/b2025_26/measures/documents/supp_note_hb2642_00_0000.pdf |
| Fiscal Note - Ficsal Note: As introduced | https://kslegislature.gov/li/b2025_26/measures/documents/fisc_note_hb2642_00_0000.pdf |
| BillText | https://kslegislature.gov/li/b2025_26/measures/documents/hb2642_00_0000.pdf |
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