The special session held on June 18 marked a pivotal moment for Kansas with the passage of a transformative tax plan and the consideration of a landmark proposal to bring the Kansas City Chiefs to Kansas. The Kansas Bar Association will continue to monitor these developments and provide updates on their legal and economic implications.

SB 1 — New Tax Plan

In a historic move during the special session the Kansas Legislature passed a comprehensive tax plan aimed at bolstering economic growth and providing relief to Kansas residents. Gov. Laura Kelly signed the bill into law, marking a significant milestone in the state’s fiscal policy.

Key Components of Tax Plan

Income Tax Reform
- Reduction in Individual Income Tax Rates: The plan transitions Kansas from a three-tier income tax system (5.7%/5.25/3.1%) to a two-tiered system (5.58%/5.2%) The bottom tier has been eliminated.
- Increase in Standard Deduction: The standard deduction for single filers increases from $2,250 to $9,160, and for married couples filing jointly it increases to $18,320.
Property Tax Relief
- Property Tax Exemption: The statewide property tax mill levy exemption will increase from $42,000 to $75,000.
Social Security
- Exempt Social Security income: All Social Security income is exempt from income tax. The previous limit was $75,000.

HB 2001 — SCOPE and SCORE Proposal to Bring the Kansas City Chiefs to Kansas

In another significant development, the Kansas Legislature reviewed the SCOPE and SCORE proposal aimed at relocating the Kansas City Chiefs to Kansas. This ambitious proposal was approved by the Legislature on a vote of 84-38 in the House and 27-8 in the Senate. Gov. Kelly signed the bill last week.

Details of the Proposal

Professional Sports Teams
- The proposal would authorize agreements with one or two major professional sports franchises for the purpose of establishing major professional sports franchise STAR Bond project districts for a major professional sports complex. The bill would require these projects to have a minimum capital investment of $1 billion.
- The proposal requires a sports stadium of no fewer than 30,000 seats and includes all buildings, facilities, and attractions.
Funding and Economic Impact
- Star Bonds: The bill would allow a STAR Bond project involving a major professional sports complex to finance up to 70% of the total costs of the project.

For more detailed information on legislative activities and upcoming sessions, please visit www.ksbar.org or visit https://www.kslegislature.org/li_2024s/.

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