HB2441

Kansas HB2441 expands the definition of alternative fuels eligible for income tax credits to include compressed natural gas and liquefied natural gas.

Kansas HB2441 amends the state's income tax code to include compressed natural gas and liquefied natural gas as eligible alternative fuels for income tax credits. These credits apply to expenditures on qualified alternative-fueled motor vehicles and fueling stations. The bill specifies credit amounts based on vehicle weight and service dates, with varying percentages and maximum credit limits. The tax credit can be deducted from the taxpayer's income tax liability for the taxable year in which the expenditures are made.