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KS HB2098
Bill
Status
1/27/2025
Primary Sponsor
Taxation
Click for details
AI Summary
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Adds a new sales tax exemption for tangible personal property purchased by not-for-profit corporations that are exempt under IRC Section 501(c)(3) and operate a community theater in Kansas
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Qualifying community theaters must meet five criteria: create and produce novel works for concerts or productions, employ full-time theater staff, maintain a board of directors providing governance and community connection, demonstrate strong educational commitments to the local community, and commit to providing ongoing live theater using local resources
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Amends K.S.A. 2024 Supp. 79-3606, the existing Kansas sales tax exemption statute, by adding subsection (xxxx) to the extensive list of exempt organizations and purchases
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Takes effect upon publication in the statute book
Legislative Description
Providing a sales tax exemption for purchases by not-for-profit corporations operating a community theater.
Last Action
House Committee Report recommending bill be passed by Committee on Taxation
3/3/2025