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KS HCR5014
Concurrent Resolution
Status
Introduced
3/14/2025
Primary Sponsor
Taxation
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AI Summary
- Proposes a constitutional amendment to establish the "Freedom from Taxes Fund" with two sub-funds dedicated to eliminating state property taxes and state income/privilege taxes, funded by revenue collected from eliminated sales tax exemptions
- Creates the Kansas Citizens Freedom Review Board to review all existing state sales and compensating use tax exemptions and approve or eliminate them, with a final report due within one year before the board dissolves
- Requires the state treasurer to invest fund principal, keeping it inviolate, and use only interest earnings to replace eliminated tax revenue; transfers to the general fund are capped at 3% annual growth after initial elimination
- Limits any future or renewed tax exemptions enacted by the legislature to a maximum duration of five years before requiring re-enactment
- Would take effect January 1, 2027 if approved by two-thirds of both legislative chambers and ratified by voters at the November 2026 general election
Legislative Description
Proposing to amend article 11 of the constitution of the state of Kansas by adding a new section establishing the freedom from taxes fund, establishing the Kansas citizens freedom review board, authorizing the board to review tax exemptions and approve or eliminate such exemptions and eliminating the state-imposed property taxes and income and privilege taxes.
Last Action
House Referred to Committee on Taxation
3/14/2025
Committee Referrals
Taxation3/14/2025
Full Bill Text
No bill text available