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| 1 | 1 | Session of 2025 | |
| 2 | 2 | SENATE BILL No. 74 | |
| 3 | 3 | By Committee on Assessment and Taxation | |
| 4 | 4 | 1-23 | |
| 5 | 5 | AN ACT concerning income taxation; relating to credits; providing a | |
| 6 | 6 | refundable tax credit for expenditures for lockable gun and ammunition | |
| 7 | 7 | storage. | |
| 8 | 8 | Be it enacted by the Legislature of the State of Kansas: | |
| 9 | 9 | Section 1. (a) For tax years 2025 through 2027, there shall be allowed | |
| 10 | 10 | a credit against the tax liability of a resident individual imposed under the | |
| 11 | 11 | Kansas income tax act in an amount equal to 25% of the expenditures | |
| 12 | 12 | made by the individual during such tax year to purchase lockable gun and | |
| 13 | 13 | ammunition storage. The amount of such credit allowed each tax year shall | |
| 14 | 14 | not exceed $250 for any taxpayer. | |
| 15 | 15 | (b) If the amount of the credit allowed by subsection (a) exceeds the | |
| 16 | 16 | taxpayer's income tax liability imposed under the Kansas income tax act, | |
| 17 | 17 | such excess amount shall be refunded to the taxpayer. | |
| 18 | 18 | Sec. 2. This act shall take effect and be in force from and after its | |
| 19 | 19 | publication in the statute book. | |
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