Full Text of Bill No. 2412

HB 2412--
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Session of 1997
HOUSE BILL No. 2412 By Representatives Kirk, Garner and Findley, Burroughs, Crow, Dillon, Flaharty, Flora, Gilbert, Grant, Kuether, Larkin, J. Long, McClure, Nichols, Pauls, E. Peterson, Phelps, Reardon, Ruff, Sawyer, Sharp, Spangler, Wells and Welshimer
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AN ACT relating to income taxation; providing for an earned income
  credit therefrom.
Be it enacted by the Legislature of the State of Kansas:
  Section 1.  (a) There shall be allowed as a credit against the tax lia-
bility of a resident individual imposed under the Kansas income tax act
an amount equal to 25% of the amount of the earned income credit
allowed against such taxpayer's federal income tax liability pursuant to
section 32 of the federal internal revenue code for the taxable year in
which such credit was claimed against the taxpayer's federal income tax
liability.
  (b)  If the amount of the credit allowed by subsection (a) exceeds the
taxpayer's income tax liability imposed under the Kansas income tax act,
such excess amount shall be refunded to the taxpayer.
  (c)  The provisions of this section shall be applicable to all taxable
years commencing after December 31, 1996.
  Sec. 2.  This act shall take effect and be in force from and after its
publication in the statute book.