Providing for transferability of Kansas housing investor tax credits from the year that the credit was issued.
House Substitute for SB 37 by Committee on Financial Institutions and Pensions - Modifying income tax rates for individuals, exempting all social security benefits from Kansas income tax, increasing the Kansas standard deduction and the Kansas personal exemption, decreasing the privilege tax normal tax, establishing a 0% state rate for sales and use taxes for food and food ingredients on July 1, 2024, and modifying the percent credited to the state highway fund, increasing the extent of property tax exemption for residential property from the statewide school levy, decreasing the rate of ad valorem tax imposed by a school district, abolishing the local ad valorem tax reduction fund and the county and city revenue sharing fund and providing for certain transfers to the state school district finance fund.
Providing for transferability of Kansas housing investor tax credits from the year that the credit was originally issued.
Expanding the use of bond proceeds under the Kansas rural housing incentive district act, the transferability of income, privilege and premium tax credits issued under the Kansas housing investor tax credit act and enacting the Kansas urban housing incentive district act.
Relating To The Department Of Business, Economic Development, And Tourism.
Relating To The Department Of Business, Economic Development, And Tourism.
Relating To The Department Of Business, Economic Development, And Tourism.
Relating To The Department Of Business, Economic Development, And Tourism.