KS HB2621

Real property used for affordable housing would be exempt from all property and ad valorem taxes in Kansas beginning January 1, 2027

Qualifying properties must be owned by organizations exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code

The exemption covers housing for individuals or families earning 80% or less of the area median income, as well as transitional housing and emergency shelter housing

Amends K.S.A. 79-201, adding a thirteenth category to Kansas's existing property tax exemptions for religious, educational, charitable, and other nonprofit properties