Division of the Budget
Landon State Office Building Phone: (785) 296-2436
900 SW Jackson Street, Room 504 adam.c.proffitt@ks.gov
Topeka, KS 66612 http://budget.kansas.gov
Adam C. Proffitt, Director Laura Kelly, Governor
Division of the Budget
March 10, 2025
The Honorable Caryn Tyson, Chairperson
Senate Committee on Assessment and Taxation
300 SW 10th Avenue, Room 548-S
Topeka, Kansas 66612
Dear Senator Tyson:
SUBJECT: Fiscal Note for SB 268 by Senate Committee on Assessment and Taxation
In accordance with KSA 75-3715a, the following fiscal note concerning SB 268 is
respectfully submitted to your committee.
SB 268 clarifies modifications for certain business interest expenses and federal net
operating loss carrybacks. The bill provides a technical change to a statutory reference for
recaptured moneys related to adoption savings accounts.
The Department of Revenue indicates SB 268 makes technical changes and clarification to
the statutes and would not impact on tax liability. The Department indicates the bill would have
no fiscal effect on its operations.
Sincerely,
Adam C. Proffitt
Director of the Budget
cc: Lynn Robinson, Department of Revenue