This bill amends K.S.A. 79-32,263 to enhance the selective assistance for effective senior relief (SAFESR) credit for income taxation. The key changes include increasing the eligibility threshold for household income from 120% of the federal poverty level for two persons to a fixed amount of $28,000 for tax year 2025 and beyond. Additionally, for tax year 2026 and subsequent years, the household income limit will be adjusted annually based on the cost-of-living increase as determined by the federal internal revenue code. The credit amount for eligible seniors aged 65 and older is set at 75% of the property and ad valorem taxes paid on their principal residence.

The bill also includes provisions that prevent taxpayers from claiming the credit if they have received a homestead property tax refund for the same property in the tax year. Furthermore, it stipulates that if the credit exceeds the taxpayer's income tax liability, the excess amount 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 The existing section of K.S.A. 79-32,263 is repealed, and the new provisions will take effect upon publication in the statute book.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
As introduced: 79-32