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HOUSE - BILL

HB 2798

Providing for the apportionment of business income by the single sales factor and the apportionment of financial institution income by the receipts factor, deductions from income when using the single sales factor and receipts factor and the decrease in corporate income tax rates.

Died

Bill Progress

Introduced
Committee
Committee Report
Floor Action
Opposite Chamber
Enrolled
Governor

Version

Bill Fiscal Note
As Introduced

Providing for the apportionment of business income by the single sales factor and the apportionment of financial institution income by the receipts factor, deductions from income when using the single sales factor and receipts factor and the decrease in corporate income tax rates.

Legislative History

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Testimony & Minutes

House · Committee on Taxation 8
Hearing Date Minutes Presenter Organization Topic PDF
Mar 6, 2024 View Adam Siebers Assistant Revisor HB2798 Overview
Mar 6, 2024 View Eric Stafford Kansas Chamber HB2798 Proponent
Mar 6, 2024 View Randy Stookey Kansas Grain & Feed Association HB2798 Proponent
Mar 6, 2024 View Alex Orel Sr. Vice President, Government Relations, Kansas Bankers Association HB2798 Proponent
Mar 6, 2024 View Erin Bower Director, Government Affairs, Hallmark Cards, Inc. HB2798 Proponent
Mar 6, 2024 View Patrick Fucik Director Government Affairs, T-Mobile HB2798 Proponent
Mar 6, 2024 View Michael Mazerov Senior Fellow, State Fiscal Policy Division HB2798 Opponent
Mar 6, 2024 View Michael Mazerov Senior Fellow, State Fiscal Policy Division 2019 Report regarding proposals for deferred tax deductions.

Identification

Bill No. HB 2798
Chamber House
Requested By Requested by Eric Stafford on behalf of the Kansas Chamber of Commerce

Subjects

Original Sponsor

Current Sponsor

Sections Affected

Amended

K.S.A. 79-1129 and 79-3279 and K.S.A. 2023 Supp. 79-32,110

Effective Date

This act shall take effect and be in force from and after its publication in the statute book.
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