The bill, known as the Kansas Lemonade Stand Law, establishes specific provisions for minor-owned businesses in the state. It defines a "minor" as an individual under 18 years of age and outlines that a "minor-owned business" is one that is solely owned and operated by minors, offers sales or services on an intermittent or seasonal basis, and generates gross sales not exceeding $10,000 annually. Additionally, the operation of a digital storefront by such businesses is also classified as intermittent or seasonal.

Key provisions of the bill include a tax exemption for the first $10,000 of tangible personal property sold by minor-owned businesses each calendar year, exempting them from the Kansas retailers' sales tax. Furthermore, the bill prohibits any city, county, or township from imposing taxes, fees, or requiring licenses or permits for the operation of these minor-owned businesses, thereby facilitating easier entry into entrepreneurship for minors. The act will take effect upon its publication in the statute book.