Kansas 2025-2026 Regular Session

Kansas House Bill HB2038

Introduced
1/21/25  

Caption

Enacting the Kansas film and digital media industry production development act, providing a tax credit and sales tax exemption to incentivize film, video and digital media production in Kansas, establishing a program to be administered by the secretary of commerce for the purpose of developing such production in Kansas and requiring the secretary of commerce to issue reports to the legislature regarding the program.

Impact

The provisions of HB2038 allow for a tax credit equal to 30% of qualified production expenditures made in Kansas, with additional conditions potentially increasing the available credit for productions hiring Kansas residents or contributing to local film infrastructure. Furthermore, production companies are encouraged to undertake projects that incorporate Kansas promotional materials. This legislation is expected to have a significant impact on both the economic landscape of the state and on job creation within the local film industry.

Summary

House Bill 2038 establishes the Kansas Film and Digital Media Production Development Act, aimed at promoting the film, video, and digital media production industry within Kansas. The act articulates the provision of tax credits and sales tax exemptions to production companies that meet specified requirements. Through these incentives, the bill seeks to cultivate a vibrant local industry that not only generates employment but also boosts state revenues via increased production activities. The initiative is partly motivated by the desire to enhance Kansas's cultural footprint and to attract both local and external productions to the state.

Contention

Despite the potential benefits, there are concerns about the long-term sustainability of such tax incentives, especially since the funding cap for these credits is set at $10 million annually. Critics argue that while tax incentives can attract temporary projects, the investments may not yield lasting economic benefits for the state. Additionally, the measure could face scrutiny regarding the allocation of resources and potential favoritism towards larger production companies. As the bill progresses, stakeholders will likely engage in ongoing discussions about the implications and effectiveness of the proposed incentives.

Companion Bills

No companion bills found.

Previously Filed As

KS HB2002

Expanding medical assistance eligibility and enacting the cutting healthcare costs for all Kansans act.

KS HB2001

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.

KS SB1

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.

KS SCR1602

Approving the creation of a port authority in Wyandotte County Kansas.

KS SCR1604

Proposing to amend section 1 of article 11 of the constitution of the state of Kansas to limit property tax valuation increases for real property and personal property mobile homes.

KS SCR1603

Proposing to amend section 1 of article 11 of the constitution of the state of Kansas to limit property tax valuation increases for residential property.

KS SB2

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.

KS SR1702

A resolution honoring the life, career and trailblazing achievements of Kansas icon Ed Dwight.

KS HB2003

Establishing the veterans' valor property tax relief act providing for an income tax credit or refund for eligible individuals, modifying the definition of household income and increasing the appraised value threshold for eligibility of seniors and disabled veterans related to increased property tax claims and citing the section as the homeowners' property tax freeze program, providing property tax exemptions for certain personal property including watercraft, marine equipment, off-road vehicles, motorized bicycles and certain trailers, excluding internal revenue code section 1031 exchange transactions as indicators of fair market value, providing for certain exclusions from the prohibition of paying taxes under protest after a valuation notice appeal and providing four prior years' values on the annual valuation notice.

KS SB6

Providing a sales tax exemption for sales of electricity to residential premises by municipally owned or operated utilities.

Similar Bills

No similar bills found.