House Substitute for SB 37 by Committee on Financial Institutions and Pensions - Modifying income tax rates for individuals, exempting all social security benefits from Kansas income tax, increasing the Kansas standard deduction and the Kansas personal exemption, decreasing the privilege tax normal tax, establishing a 0% state rate for sales and use taxes for food and food ingredients on July 1, 2024, and modifying the percent credited to the state highway fund, increasing the extent of property tax exemption for residential property from the statewide school levy, decreasing the rate of ad valorem tax imposed by a school district, abolishing the local ad valorem tax reduction fund and the county and city revenue sharing fund and providing for certain transfers to the state school district finance fund.

House Substitute for SB 37 by Committee on Financial Institutions and Pensions - Enacting the countries of concern divestment and procurement protection act, requiring state-managed funds to divest from investments with countries of concern, with exceptions, prohibiting state deposits in any bank domiciled in a country of concern and state contracts for final or finished goods or services with a foreign principal, indemnifying state-managed funds with respect to actions taken in compliance with such act and providing an expiration date for such act.

Expanding the transferability of income, privilege and premium tax credits issued under the Kansas housing investor tax credit act.

Expanding the transferability of income, privilege and premium tax credits issued under the Kansas housing investor tax credit act.