Legislative Update Articles

Learn how politics and the latest regulatory issues impact you and Kansas’s homeowners. This news feed contains updates as they happen to keep you up to date with legislative, legal and other legislative news across Kansas.

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 the Senate’s bill, Kansan’s can itemize deductions in their tax filings regardless of whether or ...[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 itemized deductions currently provided in Kansas tax law. HB 2761 would provide that starting in ...[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 opposed to this legislation. Current Law on Rebates in Real Estate Transactions It is illegal in Kansas for a ...[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 original and remodeling construction. Repeal of the exemption would have a significant impact on home prices. The State will no longer ...[Read More..]

KAR Supported Provision Restores Mortgage Interest and Property Tax Deductions to 100%

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 owners. The new law goes into effect July 1, 2017. KAR’s top priority going into ...[Read More..]

From A Member Perspective: NAR Legislative Meetings

“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 background even though I’ve been in the business for 35 years. It was ...[Read More..]

Capitol Report – Latest Update on KAR Issues From the 2017 “Regular Session”

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 advance property rights during the 2017 Legislative Session: 1.  Tax Increases WHAT’S HAPPENING: • Majorities in both the House ...[Read More..]

An Estimated 850,000 Homebuyers Affected by Suspension of FHA Mortgage Rate Reduction. Here’s What You Need to Know:

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 Housing Administration’s (FHA) 25 basis point reduction of the FHA Annual Mortgage Insurance Premium rates for mortgages with a closing/disbursement ...[Read More..]

Election Update – November 9, 2016

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 incumbents won. On the state level we saw Democrat gains, though not to the ...[Read More..]

Capitol Report – Legislative Update June 22, 2016

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 order. Unless the Legislature fixes the budgeting issue, the State may not be able to distribute roughly $4 billion in state ...[Read More..]

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