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Panel hears bill to expand property-tax freeze, exclude Social Security from income test
Summary
The Kansas Senate Assessment and Taxation Committee heard testimony on Senate Bill 2215, which would exclude federal Social Security benefits from household income, raise the household income cap to $80,000, and raise the base-year homestead appraised-value limit to $595,000 with a new annual adjustment beginning after 2025. The committee closed a
Amelia, a committee bill presenter, told the Senate Assessment and Taxation Committee that Senate Bill 2215 would amend K.S.A. 79-4508(a) to change eligibility for the state'property-tax freeze (a rebate program). The bill would exclude all payments under the Federal Social Security Act from the definition of household income, raise the claimant household-income upper limit to $80,000, and increase the base-year homestead appraised-value cap to $595,000, with an annual adjustment to that appraised-value threshold for base years commencing after 2025. Amelia said the income and appraised-value changes would apply beginning with tax year 2025 and that the bill would take effect upon publication in the statute book.
Kathleen Smith,…
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