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SB39: Establishing the Kansas legal tender act and providing for an income tax subtraction modification for sales of specie.
In CommitteeSenate
Introduced
In Committee
Passed Chamber
Passed Both
Signed
Plain-Language Summary
This bill establishes a new law about what can be used as money in Kansas and allows people who sell certain types of valuable items to subtract that income from their taxes.
Who This Affects
People who collect and sell rare coins or precious metals will benefit from this change, potentially reducing their tax liability.
Key Provisions
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Timeline
Introduced
Friday, January 17, 2025
Last Action
House Committee Report recommending bill be passed as amended by Committee on Financial Institutions and Pensions
Mar 4, 2026
Sponsors
No sponsors listed.
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