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SB488: Enacting the Kansas property tax freedom act of 2026, providing for the phased elimination of property taxation and for revenue replacement grants to taxing subdivisions, establishing the Kansas fair share purchase surcharge and providing such revenue to taxing subdivisions, the state general fund and the new property tax freedom reserve fund and providing for freedom dividend rebates.
IntroducedSenate
Introduced
In Committee
Passed Chamber
Passed Both
Signed
Plain-Language Summary
This bill aims to gradually eliminate property taxes in Kansas. It would also provide grants to local governments and establish a new fund.
Who This Affects
Homeowners and businesses that own property in Kansas would be directly affected by this change. The elimination of property taxes could result in significant savings for these individuals and organizations.
Key Provisions
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Timeline
Introduced
Wednesday, February 4, 2026
Last Action
Senate Hearing: Tuesday, March 10, 2026, 9:30 AM Room 548-S
Mar 9, 2026
Sponsors
No sponsors listed.
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