This bill introduces a new tax credit for Kansas residents who purchase lockable gun and ammunition storage, allowing them to claim 25% of their expenditures, up to a maximum of $250 per tax year, for the years 2026 through 2028. The bill also modifies the treatment of any excess credit that exceeds a taxpayer's income tax liability, allowing it to be carried forward to subsequent tax years instead of being refunded. Additionally, the bill amends existing law regarding individual development accounts to ensure that funds in these accounts are disregarded when determining eligibility for public assistance.

Furthermore, the bill repeals several unused tax credits related to agritourism liability insurance, assistive technology contributions, declared disaster capital investment, environmental compliance, and others, effective January 1, 2027. The amendments and repeals aim to streamline the tax credit system in Kansas while introducing new incentives for responsible gun storage. The act will take effect upon publication in the statute book.

Statutes affected:
As Further Amended by Senate Committee: 65-7107, 79-32, 32-1438