Kansas HB2602 establishes a portable benefit plan for independent contractors, detailing contributions and tax modifications.
Kansas HB2602 creates a portable benefit plan for independent contractors, specifying types of contributions and tax modifications. The plan allows for health, income replacement, disability, life insurance, and retirement benefits. Contributions can come from the contractor, hiring party, or a percentage of withheld compensation. The bill outlines specific additions and subtractions from federal adjusted gross income for Kansas income tax purposes, including various deductions and exemptions. It also modifies the Kansas adjusted gross income calculation and repeals a previous section.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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