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HB2189: Providing an income tax subtraction modification for sales or taking of property subject to eminent domain.
IntroducedHouse
Introduced
In Committee
Passed Chamber
Passed Both
Signed
Plain-Language Summary
This bill proposes an income tax subtraction modification for people who sell or have their property taken through eminent domain. This means that these individuals would be able to subtract a certain amount from their taxable income.
Who This Affects
Homeowners and businesses in Kansas who are affected by eminent domain, such as those whose land is needed for infrastructure projects like roads or utilities, may benefit from this change.
Key Provisions
• The bill aims to provide relief to individuals affected by eminent domain through an income tax subtraction modification.
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Timeline
Introduced
Thursday, January 30, 2025
Last Action
House Referred to Committee on Taxation
Jan 30, 2025
Sponsors
No sponsors listed.
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