KS
Kansas Senate Bill SB138

Kansas 2023-2024 Regular Session

Kansas Senate Bill SB138

Introduced
2/2/23  
Refer
2/3/23  
Report Pass
2/22/23  
Refer
1/9/24  

Caption

Expanding and clarifying the property tax exemption for Strother field airport property, increasing the extent of exemption for residential property from the statewide school levy, discontinuing the state tax levies for the Kansas educational building fund and the state institutions building fund and providing financing therefor from the state general fund.

Impact

In addition to the specific exemptions for the airport property, SB138 also proposes to increase the exemption limits for residential properties from the statewide school levy. This change aims to alleviate the financial pressure on homeowners within the area and is part of a broader conversation regarding state support for educational infrastructure and funding. As such, the bill may influence the distribution of taxes collected for educational purposes by changing the landscape of funding sources available to schools.

Summary

Senate Bill 138 focuses on property taxation in Kansas, specifically targeting the exemption criteria for the Strother field airport property. The bill seeks to expand and clarify exemptions that have been in place since 1991 for properties owned by the Strother field airport commission. The primary intention is to further ease the financial tax burden on these properties, which are utilized for aviation-related purposes and economic activities linked to aviation commerce.

Contention

There may be contentious points surrounding SB138, particularly related to the discontinuation of the state tax levies for the Kansas educational building fund and the state institutions building fund. Some stakeholders might argue that the reduced levies could hamper the financial resources allocated to educational institutions and state facilities, potentially leading to a detriment in funding availability. Critics could express concerns over prioritizing airport property tax exemptions at the expense of educational funding, igniting a debate on how state resources should be allocated.

Latest SB138 Activity

Companion Bills

No companion bills found.

Previously Filed As

KS SB35

Discontinuing the state property tax levies for the Kansas educational building fund and the state institutions building fund and providing for financing therefor from the state general fund.

KS SB94

Discontinuing state property tax levies for the Kansas educational building fund and the state institutions building fund and providing for financing therefor from the state general fund.

KS SB97

Increasing the extent of property tax exemption for residential property from the statewide school levy.

KS HB2278

Increasing the extent of property tax exemption from the statewide school levy for residential property.

KS SB217

Increasing the extent of property tax exemption for residential property from the statewide school levy.

KS HB2011

Decreasing the rate of ad valorem tax imposed by a school district, increasing the extent of exemption for residential property from the statewide school levy and providing for certain transfers to the state school district finance fund.

KS SB117

Expanding the property tax exemption for Strother field airport property.

KS HB2284

Providing an income tax rate of 5.25% for individuals, exempting all social security benefits from Kansas income tax, increasing the standard deduction by a cost-of-living adjustment, increasing 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 April 1, 2024, and increasing the extent of property tax exemption for residential property from the statewide school levy.

KS SB55

Substitute for SB 55 by Committee on Assessment and Taxation - Expanding and clarifying the property tax exemption for Strother field airport property.

KS SB37

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.

Similar Bills

No similar bills found.