Loading chat...

KS HB2189

Bill

Official Source

Status

Introduced

1/31/2025

Primary Sponsor

Taxation

Click for details

Origin

House of Representatives

2025-2026 Regular Session

AI Summary

  • Taxpayers residing within 10 miles of farm or ranch property may subtract from Kansas adjusted gross income amounts received when property is taken through eminent domain by the Kansas Department of Transportation or a public utility
  • The subtraction applies to amounts received through an appraiser's award or final judgment under the eminent domain procedure act, if included in federal adjusted gross income
  • The subtraction also applies to voluntary sales of property to KDOT or public utilities when the sale would otherwise be subject to a taking under eminent domain law
  • Effective for taxable years commencing after December 31, 2020, providing retroactive tax relief for affected property owners
  • Amends K.S.A. 2024 Supp. 79-32,117 governing Kansas adjusted gross income calculations

Legislative Description

Providing an income tax subtraction modification for sales or taking of property subject to eminent domain.

Last Action

House Referred to Committee on Taxation

1/31/2025

Committee Referrals

Taxation1/31/2025

Full Bill Text

No bill text available