Kansas House Bill HB2470

Kansas 2023-2024 Regular Session

• Introduced: 4/4/23
• Refer: 4/4/23
• Failed: 4/30/24

Caption

Extending the period of time to file for property tax homestead claims.

Impact

By extending the filing period, HB2470 has the potential to impact state tax revenue and provide relief to taxpayers who may have missed previous deadlines. It aligns with an objective to enhance taxpayer accessibility to the property tax refund process, ensuring that eligible individuals are not deprived of refunds due to timing issues. Furthermore, it reflects an effort by the legislature to support affordable housing and financial stability among Kansas residents, particularly those who rely on homestead tax refunds as part of their financial planning.

Summary

House Bill 2470 seeks to amend the Kansas homestead property tax refund act by extending the period for filing property tax homestead claims. This change is aimed at providing taxpayers with more time to submit their claims for refunds on property taxes levied in previous years, specifically by adjusting the deadline for filing from its current timeline. The modification aims to alleviate financial pressures on residents who may have difficulty meeting existing deadlines, thus potentially increasing participation in the homestead refund program.

Contention

While there may be general support for extending the filing period, concern exists regarding the implications for state revenue management and potential increases in administrative burdens on the Department of Revenue. Critics may argue that facilitating a longer filing period could complicate fiscal planning for the state by delaying the processing of tax refunds. Ensuring that the extension does not lead to unforeseen consequences related to budget allocations and funding for essential services remains a critical consideration in the ongoing discussions about the bill.