Kansas HB2005 establishes the veterans' valor property tax relief act, offering an income tax credit for eligible veterans and ending sales tax.

Kansas HB2005 introduces the veterans' valor property tax relief act, providing an income tax credit for eligible veterans. This credit applies to property and ad valorem taxes paid on residential property used as the veteran's principal residence. The credit is limited to 75% of the taxes paid and cannot be claimed if the veteran has received a homestead property tax refund or a credit under the selective assistance for effective senior relief. The act also discontinues sales tax exemptions for certain qualifying military veterans.

Kansas HB2005 establishes the veterans' valor property tax relief act, offering an income tax credit for eligible veterans and ending sales tax.

Kansas HB2005 introduces the veterans' valor property tax relief act, providing an income tax credit for eligible veterans. This credit applies to property and ad valorem taxes paid on residential property used as the veteran's principal residence. The credit is limited to 75% of the taxes paid and cannot be claimed if the veteran has received a homestead property tax refund or a credit under the selective assistance for effective senior relief. The act also discontinues sales tax exemptions for certain qualifying military veterans.