10 AN ACT amending the homestead property tax refund act; increasing
11 amounts refundable thereunder; amending K.S.A. 79-4508 and 79-
12 4509 and repealing the existing sections.
13
14 Be it enacted by the Legislature of the State of Kansas:
15 Section 1. K.S.A. 79-4508 is hereby amended to read as follows: 79-
16 4508. The amount of any claim pursuant to this act shall be computed by
17 deducting the amount computed under column (2) from the amount of
18 claimant's property tax accrued and/or rent constituting property tax
19 accrued.
20
(1)
(2)
21 22
Claimants household income
Deduction from property tax accrued and/or rent constituting
23
At least
But not more than
property tax accrued
24
$0
$3,000
$0
25
3,001
4,000
12%3%
26
4,001
25,000
12% plus 4%3% plus 3% of every $1,000,or fraction thereof, of income in excess of$4,001
27 The director of taxation shall prepare a table under which claims under
28 this act shall be determined. The amount of claim for each bracket shall
29 be computed only to the nearest $1.
30 The claimant may elect not to record the amount claimed on the claim.
31 The claim allowable to persons making this election shall be computed
32 by the department which shall notify the claimant by mail of the amount
33 of the allowable claim.
34 Sec. 2. K.S.A. 79-4509 is hereby amended to read as follows: 79-
35 4509. In the event property taxes accrued, rent constituting property taxes
36 accrued or their sum exceeds $600$700 for a household in any one year,
37 the amount thereof shall, for purposes of this act, be deemed to have
38 been $600$700.
39 New Sec. 3. The provisions of this act shall be applicable to all tax-
40 able years commencing after December 31, 1998.
41 Sec. 4. K.S.A. 79-4508 and 79-4509 are hereby repealed.
42 Sec. 5. This act shall take effect and be in force from and after its
43 publication in the statute book.