Discontinuing the state property tax levies for the Kansas educational building fund and the state institutions building fund and providing for financing therefor from the state general fund.
Modifying income tax rates for individuals, exempting all social security benefits from Kansas income tax, increasing the Kansas standard deduction and the Kansas personal exemption, increasing the income tax credit amount for household and dependent care expenses, decreasing the privilege tax normal tax, excluding internal revenue code section 1031 exchange transactions as indicators of fair market value for property tax valuation purposes, increasing the extent of property tax exemption for residential property from the statewide school levy, providing for certain transfers to the state school district finance fund and abolishing the local ad valorem tax reduction fund and the county and city revenue sharing fund.
Enacting the Kansas property tax freedom act of 2026, providing for the phased elimination of property taxation and for revenue replacement grants to taxing subdivisions, establishing the Kansas fair share purchase surcharge and providing such revenue to taxing subdivisions, the state general fund and the new property tax freedom reserve fund and providing for freedom dividend rebates.
Higher education; state educational institutions; general maintenance fund for buildings; new construction; State Regents for Higher Education; state-appropriated funds; noncompliance; effective date; emergency.
Decreasing the rate of ad valorem tax imposed by a school district, increasing the extent of exemption for residential property from the statewide school levy and providing for certain transfers to the state school district finance fund.
Imposing a nameplate capacity tax and a production tax upon certain wind farms and solar facilities, crediting the nameplate capacity tax and the production tax revenue to the property tax relief fund, creating the property tax relief fund, transferring moneys from the property tax relief fund to the state school district finance fund and decreasing the statewide property tax levy for schools.
Establishing the state conservation fund and transferring $2,500,000 to such fund and providing for the enhanced transfer of moneys from the state general fund to the state water plan fund and from the state water plan fund to the water technical assistance fund and the water project grant fund.
Providing a permanent exemption for postsecondary educational institutions from the public buildings requirements under the personal and family protection act.
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.
In State funds formula, further providing for certification and calculation of minimum and maximum modifiers and for Property Tax Relief Reserve Fund, providing for senior citizen tax relief and further providing for State property tax reduction allocation.