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SB25: Enacting the insurance savings account act, allowing individuals and corporations to establish insurance savings accounts with certain financial institutions, providing eligible expenses, requirements and restrictions for such accounts and establishing addition and subtraction modifications under the Kansas income tax act.
IntroducedSenate
Introduced
In Committee
Passed Chamber
Passed Both
Signed
Plain-Language Summary
This bill allows individuals and corporations to open special savings accounts for insurance expenses. The accounts would have specific rules and restrictions.
Who This Affects
Kansas residents who purchase insurance policies could benefit from this law by having a dedicated account for their premiums.
Key Provisions
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Timeline
Introduced
Thursday, January 16, 2025
Last Action
Senate Hearing: Wednesday, January 29, 2025, 9:30 AM Room 548-S
Jan 28, 2025
Sponsors
No sponsors listed.
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