SB227

Kansas SB227 adjusts tax credit percentages for historic structure restoration based on city population and expenditure amount.

Kansas SB227 modifies the tax credit for expenditures on the restoration and preservation of historic structures. It sets different credit percentages based on the city's population and the amount spent. For cities with populations over 50,000, credits range from 25% to 40% depending on expenditure levels. For cities with populations of 50,000 or less, credits are 30% to 40%. The bill also allows for the transfer of unused credits and mandates the state historical society to adopt rules for administering these credits.