Legislative Update – May 2019

The Kansas Legislature adjourned the Veto Session on May 5th and will return on May 29th for Sine Die – the official last day of the 2019 Legislative Session.  Before adjourning, the Legislature took action on the remaining major pieces of … [Read more...]

Legislative Update – April 2019

The Kansas Legislature adjourned on April 5th for their spring recess and will return on May 1st for the Veto Session.  Significant issues remain for the Legislature to address when they return, including a general budget and needed tax … [Read more...]

Legislative Update – March 2019

SB 22 – Itemized Deductions SB 22 is a large tax bill containing a priority issue for KAR, which changes Kansas tax law to allow Kansas taxpayers the ability to take state-level itemized deductions regardless of whether they itemize or take the … [Read more...]

Kansas Tax Policy Impacts Homeowners: Update On Legislation To Protect Deductions

Click on image for larger version. The last week of February, legislation to protect Kansans’ ability to deduct mortgage interest on their state taxes, advanced again at the Statehouse.   SB 22, which contains these critical provisions, … [Read more...]

Tax Package Narrowly Fails On House Floor On Last Day Of 2018 Session

The Kansas Legislature has adjourned for the 2018 legislative session after narrowly failing to pass a large tax package on the House floor.  Senate Substitute for HB 2228 failed 59-59 (needed 63 votes) on the House floor on Friday, May 4th, after … [Read more...]

Background Briefing on Kansas Itemized Deductions

The Kansas Association of REALTORS® (KAR) strongly supports legislation which would allow Kansas income tax filers to take advantage of Kansas itemized deductions regardless of whether they itemize or take the standard deduction on their federal … [Read more...]

Itemized Tax Deductions Pass the Senate

In March 2018, KAR conveyed the potential issue around preserving Itemized Tax Deductions in Kansas. This update, as of April 7, confirms that the Senate passed a bill that includes itemized deductions starting in tax year 2018 and thereafter. Under … [Read more...]

Preserving Itemized Tax Deductions in Kansas

Under current Kansas law, Kansas income tax filers may only itemized deductions on state tax filings if they itemize on their federal return. Due to the doubling of the federal standard deduction, very few Kansas taxpayers will benefit from the … [Read more...]

Rebates in Real Estate Transactions

Legislation before the Kansas Legislature would legalize rebates in Kansas real estate transactions.  HB 2494 would modify provisions in Kansas license law to make rebates legal, as long as they are disclosed.  The Kansas Association of REALTORS® is … [Read more...]

Final Update for 2017 Legislative Session

Overall, Kansas REALTORS® fared well during the 2017 legislative session. The Mortgage Interest Deduction and Property Tax Deduction are on a path to 100% restoration by 2020. We joined with homebuilders to maintain a tax exemption on … [Read more...]

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