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Minutes for HB2610 - Committee on Taxation
Short Title
Providing an income tax subtraction modification for sales of property subject to eminent domain.
Minutes Content for Mon, Feb 12, 2024
Chairperson Smith opened the hearing on HB2610.
Amelia Kovar-Donohue, Assistant Revisor, provided an overview on HB2610 that would provide a Kansas income tax subtraction modification applicable for tax year 2021 and thereafter for compensation from amounts received by a taxpayer who resides within 10 miles of property used as a farm or ranch and ownership of the property was transferred (Attachment 1). Ms. Kovar-Donohue stood for questions from Committee members.
Kathleen Smith, KDOC noted the fiscal effect concerning HB2610 is unknown at this time.
Larry Rohrer, Wathena, Kansas, testified as a proponent for HB2610 expressed that forcing one to sell their land and getting taxed for it by the state of Kansas is unreal for the United States of America (Attachment 2) (Attachment 3). Mr. Rohrer stood for questions from Committee members.
John Kiehnhoff, Kansas citizen, testified as a proponent for HB2610 stated when it comes to eminent domain, you don't have the opportunity get what the land is worth or where they can have the land. He stated when you have to sell something that you were not intending to sell is not a good feeling. This causes a tax liability and is unfair for something you are forced to do (Attachment 4). Mr. Kiehnhoff stood for questions from Committee members.
Chairperson Smith allowed Mr. Rohrer at his request to make a few additional comments.
Mark Tomb, Vice President of Government Affairs, Kansas Association of Realtors, provided written testimony as a proponent for HB2610 (Attachment 5).
There was no testimony submitted as neutral or opponent to HB2610.
Chairperson Smith closed the hearing for HB2610.