This bill amends the existing law regarding homestead property tax refund claims in Kansas, specifically targeting eligibility criteria for seniors and disabled veterans. It introduces significant changes by excluding social security payments from the calculation of household income and increasing the income threshold from $50,000 to $80,000. Additionally, the appraised value limit for eligibility is raised from $350,000 to $595,000. These adjustments aim to provide greater financial relief to eligible claimants, particularly as they relate to property tax claims.

Furthermore, the bill establishes that starting in 2025, the household income threshold will be adjusted annually based on the cost-of-living, and the appraised value threshold will be updated to reflect changes in statewide residential property valuations over the preceding decade. The bill also clarifies that individuals who have received other forms of property tax refunds or credits are ineligible for this specific homestead property tax refund claim. The existing section of K.S.A. 2024 Supp. 79-4508a is repealed, and the new provisions will take effect upon publication in the statute book.

Statutes affected:
As introduced: 79-4508a