HB2632

Kansas HB2632 raises income and property value limits for senior and disabled veteran tax refunds.

Kansas HB2632 amends the homestead property tax refund act to increase the household income and appraised value thresholds for eligibility of seniors and disabled veterans. The bill raises the income limit from $50,000 to $75,000 and the property value limit from $350,000 to $500,000. It also adjusts the income threshold annually based on the cost-of-living adjustment. The changes apply to tax years starting after December 31, 2022.