Kansas 2025-2026 Regular Session

Kansas Senate Bill SB510

Introduced
2/16/26  

Caption

Requiring interest earnings of the parks fee fund to be transferred to such fund each month.

Impact

The implementation of SB510 is expected to positively impact state financial practices related to the management of dedicated funds. It will provide a clearer framework for how interest earnings are handled, thus ensuring that funds intended for parks are not underutilized. This change could foster additional revenue for park projects, thereby contributing to better environmental stewardship and recreational opportunities for residents.

Summary

SB510 focuses on requiring the interest earnings of the parks fee fund to be transferred to the fund each month. This legislative measure is aimed at enhancing the financial management and sustainability of park funding within the state. By ensuring that interest earnings are consistently attributed to the parks fee fund, the bill seeks to bolster the resources available for park maintenance and development, which could lead to improved facilities and services for the community.

Contention

While there appears to be general support for the intent of SB510, there may be underlying concerns regarding how this funding will be prioritized against other state budget needs. Some lawmakers and stakeholders might argue about the allocation of resources or question whether the continuous transfer of interest earnings could impact funding available for other essential programs. Discourse around the bill may involve discussions about transparency and accountability in how the parks fee fund is utilized.

Companion Bills

No companion bills found.

Previously Filed As

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 SB5

Authorizing counties to impose an earnings tax.

KS HB2004

Authorizing counties to propose an earnings tax for ballot question.

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 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 SB7

Authorizing federally licensed firearm dealers, in addition to county sheriffs, to receive applications for concealed carry licenses and forward such applications to the attorney general, prohibiting sheriffs from assessing any fee related to application services and allowing dealers to assess a fee related to application services not to exceed $20.

KS SB4

Requiring all advance voting ballots be returned by 7:00 p.m. on election day.

KS HB2002

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

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.