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 9  AN ACT relating to income taxation; providing for additional personal
10    exemption amounts; amending K.S.A. 79-32,121 and repealing the ex-
11    isting section.
12
13  Be it enacted by the Legislature of the State of Kansas:
14    Section 1.  K.S.A. 79-32,121 is hereby amended to read as follows:
15  79-32,121. (a) An individual shall be allowed a Kansas exemption of
16  $1,950 for tax year 1988, and $2,000 for each tax year thereafter, for each
17  exemption for which such individual is entitled to a deduction for the
18  taxable year for federal income tax purposes. In addition to the exemp-
19  tions authorized in the foregoing provision, an individual filing a federal
20  income tax return under the status of head of household, as the same is
21  defined by 26 U.S.C. 2(b), shall be allowed an additional Kansas exemp-
22  tion of $1,950 for tax year 1988, and $2,000 for each tax year thereafter.
23    (b)  For tax year 1987, there shall be allowed as a credit against the
24  tax liability of a resident individual imposed under the Kansas income tax
25  act who except for the operation of the provisions of K.S.A. 79-32,121
26  resulting from amendments to the federal internal revenue code would
27  have been allowed an additional exemption for blindness or age or both
28  pursuant to such section in tax year 1987, an amount equal to $60 for
29  each such exemption. The total amount of such credits shall not exceed
30  the amount of tax imposed by K.S.A. 79-32,110, and amendments thereto,
31  reduced by the sum of any other credits allowable pursuant to law. For
32  any taxable year concurrent with a calendar year in which the joint es-
33  timate of revenue to the state general fund prepared pursuant to K.S.A.
34  1996 Supp. 75-6701, and amendments thereto, on or before December 4
35  of such calendar year exceeds by more than $10,000,000 such estimate
36  prepared on or before April 4 of such calendar year as adjusted by the
37  estimate prepared pursuant to subsection (b) of K.S.A. 1996 Supp. 75-
38  6701, and amendments thereto, there shall be allowed to an individual an
39  additional exemption amount for each exemption for which such individ-
40  ual is entitled for federal income tax purposes equal to the quotient de-
41  termined by dividing 50% of the total amount of such excess by the ag-
42  gregate number of personal exemptions claimed on all returns in the next
43  preceding taxable year. Such amount shall be computed and published by
HB 2291
                                     

 1  the department of revenue on or before December 31 of the appropriate
 2  calendar year, and shall be allowed for deduction in the taxable year
 3  concurrent with any such calendar year.
 4    Sec. 2.  K.S.A. 79-32,121 is hereby repealed.
 5    Sec. 3.  This act shall take effect and be in force from and after its
 6  publication in the statute book.