This bill introduces a new provision allowing retailers to receive a credit of 1.5% on their remittance of sales and compensating use taxes under the Kansas retailers' sales tax and compensating tax acts. The total credit that a retailer can claim each month is capped at $300. Additionally, the bill specifies that retailers who file a consolidated return for reporting these taxes before January 1, 2025, will still be subject to the $300 limitation even if they stop filing consolidated returns after that date.

The act is set to take effect immediately upon its publication in the statute book, ensuring that retailers can begin to benefit from this tax credit as soon as it is officially enacted.