The bill amends K.S.A. 79-32,263 to enhance the selective assistance for effective senior relief (SAFESR) credit, which provides tax relief for seniors. It increases the eligibility threshold for household income from 120% of the federal poverty level to a fixed amount of $28,000 for taxpayers aged 65 and older starting in tax year 2025. Additionally, for tax year 2026 and beyond, the income threshold will be adjusted annually based on the cost-of-living increase as determined by the federal internal revenue code. The credit amount is set at 75% of property and ad valorem taxes paid, applicable to the taxpayer's principal residence.

The bill also includes several deletions from the existing law, such as the previous credit percentages for tax years 2008-2010 and the income eligibility criteria for tax years 2011-2024. It specifies that taxpayers cannot claim the credit if they have received a homestead property tax refund for the same property in the tax year. Furthermore, any excess credit beyond the taxpayer's income tax liability will be refunded. The bill aims to provide more substantial financial support to senior citizens in Kansas by streamlining and enhancing the existing tax credit framework.

Statutes affected:
As introduced: 79-32