Providing a income tax subtraction modification for amounts received as compensation for serving in the armed forces and providing that a person shall not lose eligibility for a homestead property tax refund claim or the selective assistance for effective senior relief (SAFESR) income tax credit if the appraised valuation of the homestead subsequently exceeds $350,000 after qualifying in a previous tax year.

Summary

HB 2044 would let Kansas taxpayers subtract certain items from their federal adjusted gross income, most notably pay received for serving in the armed forces, from state income tax calculations. It also changes the homestead property tax refund rules so a homeowner who previously qualified does not lose the refund or SAFESR credit if the home’s appraised value later rises above $350,000. The measure was vetoed by the governor and the veto was sustained.

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