This bill amends the homestead property tax refund act in Kansas, specifically K.S.A. 79-4522, to ensure that individuals do not lose their eligibility for a homestead property tax refund or the selective assistance for effective senior relief (SAFESR) tax credit if the appraised valuation of their homestead exceeds $350,000 in subsequent tax years after qualifying in a previous year. The new provision allows individuals who received a refund or credit when their homestead was valued at or below $350,000 to maintain their eligibility even if the valuation increases in later years, provided they meet all other statutory requirements.

Additionally, the bill repeals the existing section of K.S.A. 79-4522, which previously stated that individuals with homesteads appraised over $350,000 were not entitled to claim a refund for that year. The new language clarifies that this restriction will not apply to those who have previously qualified for a refund or credit, thus providing greater financial security for homeowners as property values fluctuate. The act will take effect upon its publication in the statute book.

Statutes affected:
As introduced: 79-4522, 79-4508a