Kansas SB434 establishes property tax relief for veterans and discontinues sales tax exemptions for certain veterans.

Kansas SB434 introduces the veterans' valor property tax relief act, offering an income tax credit or refund for eligible individuals. It also discontinues the sales tax exemption for purchases made by certain qualifying military veterans. The bill provides for a new determination of disability for the purposes of certain retailer's sales tax exemptions, amending and repealing existing sections. The exemption applies to sales of tangible personal property or services, excluding certain items, to veterans with a 100% disability or total disability rating based on unemployability.

Kansas SB434 establishes property tax relief for veterans and discontinues sales tax exemptions for certain veterans.

Kansas SB434 introduces the veterans' valor property tax relief act, offering an income tax credit or refund for eligible individuals. It also discontinues the sales tax exemption for purchases made by certain qualifying military veterans. The bill provides for a new determination of disability for the purposes of certain retailer's sales tax exemptions, amending and repealing existing sections. The exemption applies to sales of tangible personal property or services, excluding certain items, to veterans with a 100% disability or total disability rating based on unemployability.