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 in a month is capped at $300. Additionally, any retailer that files 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 upon its publication in the statute book, ensuring that retailers can benefit from this tax credit as soon as it is officially enacted. This measure aims to provide financial relief to retailers by reducing their tax burden through the credit system.