KS
Kansas House Bill HB2662

Kansas 2023-2024 Regular Session

Kansas House Bill HB2662

Introduced
2/1/24  
Refer
2/1/24  
Report Pass
3/12/24  

Caption

Providing a sales tax exemption for purchases of construction materials by a contractor for the Kansas fairgrounds foundation.

Impact

The impact of HB 2662 is significant in terms of supporting economic development activities tied to the Kansas fairgrounds. As the foundation plays a crucial role in hosting events that attract tourism and provide community services, the reduction in tax expenses could make projects more feasible. The bill is anticipated to encourage investment in infrastructure improvements at the fairgrounds, which could lead to enhanced facilities that serve the public and various events throughout the year.

Summary

House Bill 2662 establishes a sales tax exemption for construction materials purchased by contractors specifically for projects associated with the Kansas fairgrounds foundation. This bill aims to facilitate the renovation and construction efforts that support the foundation's operations by reducing financial burdens through tax savings. By amending existing tax provisions, the bill provides a framework under which contractors can obtain exemption certificates, allowing them to purchase necessary materials without incurring sales tax costs.

Contention

One of the notable points of contention surrounding HB 2662 may arise from discussions about tax equity and the fair allocation of state resources. Critics might argue that providing such specific tax exemptions could set a precedent for selective financial benefits, potentially impacting overall state tax revenue. There is concern that while beneficial to the fairgrounds, the bill may divert resources away from other essential community projects or create disparities between foundations and small businesses that do not receive similar exemptions, thus raising questions about preferential treatment in tax policy.

Companion Bills

No companion bills found.

Previously Filed As

KS HB2454

Providing a sales tax exemption for purchases of construction materials by a contractor for a not-for-profit corporation operating a theater.

KS SB267

Providing sales tax exemptions for certain services purchased on behalf of a provider in the provision of communication services and certain purchases by the Kansas fairgrounds foundation and modifying the definition of alcoholic beverages for purposes of the retailers' sales tax.

KS HB2098

Providing a deduction from sales or compensating use tax when selling and buying different motor vehicles within 120 days, providing an exemption for certain purchases by disabled veterans of the armed forces of the United States, excluding manufacturers' coupons from the sales or selling price for sales tax purposes, providing sales tax exemptions for custom meat processing services and purchases for the construction or repair of buildings used for human habitation by the Kansas state school for the blind and the Kansas state school for the deaf, providing sales tax exemptions for certain purchases by doorstep inc., exploration place, inc., Kansas children's discovery center, inc. and the Kansas fairgrounds foundation and providing for a sales tax exemption for sales of property and services used in the provision of communications services.

KS HB2126

Providing a sales tax exemption for purchases made by Kansas legal services, inc.

KS HB2306

Providing a sales tax exemption for purchases made by Kansas suicide prevention HQ, inc.

KS SB515

Providing a sales tax exemption for the Dane G. Hansen foundation.

KS HB2077

Providing a sales tax exemption for purchases of personal property and services, sales of personal property and purchases of construction materials and services for not-for-profit animal shelters and rescue network managers licensed under the Kansas pet animal act.

KS SB59

Providing a sales tax exemption for purchases of personal property and services, sales of personal property and purchases of construction materials and services for not-for-profit animal shelters and rescue network managers licensed under the Kansas pet animal act.

KS HB2307

Providing a sales tax exemption for purchases made to establish and maintain Kansas war memorials and providing a property tax exemption for property with Kansas war memorials.

KS SB278

Providing a sales tax exemption for certain purchases and sales by care to share cancer support group of Bourbon county, Kansas, inc.

Similar Bills

KS SB169

House Substitute for SB 169 by Committee on Taxation - providing an income tax rate of 5.15% for individuals and decreasing the normal tax for corporations, increasing the income limit for the income tax subtraction modification for social security income, increasing the standard deduction by a cost-of-living adjustment, discontinuing the food sales tax credit, decreasing the privilege tax normal tax, establishing a 0% state rate for sales and use taxes for food and food ingredients on January 1, 2024, and increasing the extent of property tax exemption for residential property from the statewide school levy.

KS HB2773

Providing a sales tax exemption for certain purchases by the boys' and girls' club of Topeka.

KS SB515

Providing a sales tax exemption for the Dane G. Hansen foundation.

KS SB454

Providing a sales tax exemption for purchases of property and services by nonprofit organizations distributing food pursuant to a food distribution program on a charitable basis.

KS SB520

Providing a sales tax exemption for certain not-for-profit organizations that provide public transportation services.

KS SB60

Substitute for SB 60 by Committee on Assessment and Taxation - Providing sales tax exemptions for custom meat processing services, purchases for the construction or repair of buildings used for human habitation by the Kansas state school for the blind and the Kansas state school for the deaf, certain purchases and sales by the Johnson county Christmas bureau association, certain purchases by doorstep inc., exploration place, inc. and Kansas children's discovery center, inc. and sales of menstrual discharge collection devices and diapers and establishing an annual sales tax holiday exempting certain sales of school supplies, computers and clothing.

KS HB2685

Providing a sales tax exemption for registered charitable organizations.

KS HB2765

Providing a sales tax exemption for period products, diapers and incontinence products.