Kansas HB2231 provides tax exemptions for head of household filers and disabled veterans, modifies income definitions, and adjusts tax rates and.
Kansas HB2231 introduces an additional personal exemption of $2,320 for head of household tax filers starting from tax year 2024. It also grants an additional exemption of $2,250 for disabled veterans receiving disability compensation at the 100% rate, effective from tax year 2023. The bill modifies the definition of household income for increased property tax homestead refund claims. It changes the apportionment of business income by the single sales factor and financial institution income by the receipts factor.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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