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SB268: Clarifying modifications for certain business interest expenses and federal net operating loss carrybacks and providing a technical change to a statutory cross reference for recaptured moneys related to adoption savings accounts for purposes of Kansas income tax.
IntroducedSenate
Introduced
In Committee
Passed Chamber
Passed Both
Signed
Plain-Language Summary
This bill clarifies how businesses can deduct certain expenses and losses on their taxes. It also makes a technical change related to adoption savings accounts.
Who This Affects
Small businesses and individuals who adopt children may be affected by this bill. They could see changes in how they report income tax deductions.
Key Provisions
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Timeline
Introduced
Wednesday, February 12, 2025
Last Action
Senate Hearing: Friday, March 13, 2026, 9:30 AM Room 548-S
Mar 12, 2026
Sponsors
No sponsors listed.
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