The bill amends K.S.A. 79-32,263 to enhance the selective assistance for effective senior relief (SAFESR) credit for income taxation. It increases the eligibility criteria for individuals aged 65 and older, allowing them to claim a credit equal to 75% of their property and ad valorem taxes paid, provided their household income is at or below 120% of the federal poverty level for two persons through 2024. Starting in tax year 2025, the income threshold is set at $28,000, with provisions for future adjustments based on cost-of-living increases.

Additionally, the bill specifies that taxpayers cannot claim this credit if they have received a homestead property tax refund for the same property in the tax year. It also outlines that any excess credit beyond the taxpayer's income tax liability will be refunded. The existing section of K.S.A. 79-32,263 is repealed, and the new provisions will take effect upon publication in the statute book.

Statutes affected:
As introduced: 79-32