House Substitute for SB 434 by Committee on Taxation - Establishing the veterans' valor property tax relief act providing an income tax credit or refund for eligible individuals and discontinuing the sales tax exemption for purchases made by certain qualifying military veterans.

Summary

The bill creates a sales‑tax exemption for Kansas residents who were honorably discharged and have a permanent 100% service‑connected disability. Eligible veterans, their spouses, and authorized household members can claim the exemption on personal items (not income‑producing goods) up to $24,000 annually, and surviving spouses may continue the benefit until remarriage. The measure also replaces the existing exemption rule and ultimately failed in conference.

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