Providing funding for STAR bond districts to replace lost food sales tax revenue.
Providing for food sales tax revenue replacement for STAR bond districts established prior to December 31, 2022, establishing the STAR bonds food sales tax revenue replacement fund, providing for transfers from the state general fund to such revenue replacement fund and transfers from such revenue replacement fund in the amount of food sales tax revenues lost to the applicable cities or counties and extending the sunset date of the STAR bonds financing act to July 1, 2031.
Enacting the Kansas sports authority act, authorizing STAR bond projects in major amusement park areas and extending the expiration date of the STAR bonds financing act.
House Substitute for Substitute for SB 197 by Committee on Commerce, Labor and Economic Development - Setting visitor origin requirements for STAR bond projects and providing for enforcement of such requirements, expanding transparency of such projects, authorizing the Kansas development finance authority to issue bonds for such projects, making certain other changes and extending the expiration date of the STAR bonds financing act.
Authorizing the secretary of commerce to enter into agreements with major professional sports franchises to establish STAR bond projects for a major professional sports complex, providing for additional revenue sources, expanding the powers and discretion of the secretary and making other changes to the STAR bonds financing act to facilitate such projects, limiting the secretary’s authority to approve such projects to one year unless extended by the legislative coordinating council, authorizing the Kansas development finance authority to issue STAR bonds for such projects, transferring funds under certain circumstances from the state gaming revenues fund to the attracting professional sports to Kansas fund for the fiscal year ending June 30, 2025, and, if approved by the legislative coordinating council, for the fiscal year ending June 30, 2026.
Decreasing the state rate for sales and use taxes for prepared food and increasing the percent credited to the state highway fund from sales and use tax revenue collected.
Eliminating the income limit to qualify for the subtraction modification exempting social security benefits, increasing the income tax credit amount for household and dependent care expenses, establishing the veterans' valor property tax relief act providing for an income tax credit or refund for eligible individuals, citing the increased property tax homestead refund claim section as the homeowners' property tax freeze program, decreasing the normal privilege tax rate, increasing the extent of property tax exemption for residential property from the statewide school levy, decreasing the rate of ad valorem tax imposed by a school district; providing for certain transfers to the state school district finance fund, reducing the state rate of tax on sales of food and food ingredients and modifying the percent credited to the state highway fund from revenue collected.
Relating to authorizing the issuance of revenue bonds for certain capital projects at Sul Ross State University.
Bonds; authorize to assist Village of Cary in paying costs of construction of fire station.
Bonds; authorize to assist Village of Cary in paying costs of construction of fire station.