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KS HB2084

Bill

Official Source

Status

Introduced

1/23/2025

Primary Sponsor

Taxation

Click for details

Origin

House of Representatives

2025-2026 Regular Session

AI Summary

  • Adds 100% of wagering transaction losses as an allowable Kansas itemized deduction for individual income tax purposes, effective January 1, 2025
  • Wagering losses must qualify under Section 165(d) of the federal Internal Revenue Code to be deductible
  • Amends K.S.A. 2024 Supp. 79-32,120, which governs Kansas itemized deductions
  • Existing itemized deductions remain unchanged: 100% for charitable contributions, medical expenses, qualified residence interest, and real/personal property taxes
  • Takes effect upon publication in the statute book

Legislative Description

Allowing an itemized deduction for certain wagering losses for individual income tax purposes.

Last Action

House Hearing: Thursday, February 6, 2025, 3:30 PM Room 346-S

2/6/2025

Committee Referrals

Taxation1/23/2025

Full Bill Text

No bill text available