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
March 12, 2018 by
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
February 26, 2018 by
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
June 26, 2017 by
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...]
KAR Supported Provision Restores Mortgage Interest and Property Tax Deductions to 100%
June 13, 2017 by
Last week the State Legislature overrode Governor Brownback’s veto to pass a new tax bill (SB 30). Within the tax package, KAR obtained provisions that would phase-in restoration of the MID and PTD, a significant win for Kansas REALTORS® and property … [Read more...]
From A Member Perspective: NAR Legislative Meetings
May 23, 2017 by
“Listening to the likes of HUD Secretary Ben Carson, Director of FEMA's Flood Insurance program, Roy Wright, several top economists and numerous experts from NAR on different topics, I had no idea how much I didn't know about what's going on in the … [Read more...]
Capitol Report – Latest Update on KAR Issues From the 2017 “Regular Session”
May 1, 2017 by
Three major issues – the Kansas state budget, school finance, and tax policy, are still unresolved. Lawmakers will return on May 1 to meet on these major issues during the “Veto Session.” Here’s how KAR continues to protect Kansas REALTORS® and … [Read more...]
An Estimated 850,000 Homebuyers Affected by Suspension of FHA Mortgage Rate Reduction. Here’s What You Need to Know:
February 10, 2017 by
A summary from a letter from the National Association of REALTORS®; click here to read the full letter from NAR to Dr. Ben Carson, Housing and Urban Development Secretary Designate. Background Trump administration has suspended the Federal … [Read more...]
Election Update – November 9, 2016
November 9, 2016 by
Of the 2016 state and federal races in which KS RPAC participated, we were successful in supporting the winner 89% of the time. In Kansas there was one US Senate race (Moran) and four US House races (Marshall, Jenkins, Yoder, Pompeo). All five … [Read more...]
Capitol Report – Legislative Update June 22, 2016
June 22, 2016 by
What’s the Real Problem With Kansas School Funding Formula? The Kansas Supreme Court says the State’s formula for distributing budget assistance to K-12 schools is unconstitutional. Kansas lawmakers have until June 30th to comply with the … [Read more...]
