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Minutes for SB22 - Committee on Assessment and Taxation
Short Title
Providing income tax modifications for global intangible low-taxed income, business interest, capital contributions, FDIC premiums, business meals and payment protection program loans and expenses; expanding the expense deduction availability to income tax taxpayers and calculating the deduction amount; allowing an individual to itemize deductions in Kansas despite not itemizing on their federal return; exempting from income compensation attributable to unemployment insurance ID fraud; and increasing the net operating loss for corporations.
Minutes Content for Wed, Jan 13, 2021
The Chairperson opened the hearing on SB 22.
Adam Siebers, Office of Revisor Statutes provided a briefing on the legislation. (Attachment 2)
Eric Stafford, Kansas Chamber, provided proponent testimony. The conferee stood for questions. (Attachment 3)
Michael Austin, Kansas Policy Institute, presented testimony in support of the bill. The conferee stood for questions. (Attachment 4)
Emily Fetsch, Kansas Action for Children joined the meeting via WebEx. She presented opposition testimony to SB 22. The conferee stood for questions.(Attachment 5)
The Chairperson suspended the hearing of SB 22 until Tuesday, January 19.
With no further business, the Chairperson adjourned the meeting at 10:27 am.
