HB 2412--
Session of 1997
By Representatives Kirk, Garner and Findley, Burroughs, Crow, Dillon, Flaharty, Flora, Gilbert, Grant, Kuether, Larkin, J. Long, McClure, Nichols, Pauls, E. Peterson, Phelps, Reardon, Ruff, Sawyer, Sharp, Spangler, Wells and Welshimer

AN ACT relating to income taxation; providing for an earned income credit therefrom. Be it enacted by the Legislature of the State of Kansas: Section 1. (a) There shall be allowed as a credit against the tax lia- bility of a resident individual imposed under the Kansas income tax act an amount equal to 25% of the amount of the earned income credit allowed against such taxpayer's federal income tax liability pursuant to section 32 of the federal internal revenue code for the taxable year in which such credit was claimed against the taxpayer's federal income tax liability. (b) If the amount of the credit allowed by subsection (a) exceeds the taxpayer's income tax liability imposed under the Kansas income tax act, such excess amount shall be refunded to the taxpayer. (c) The provisions of this section shall be applicable to all taxable years commencing after December 31, 1996. Sec. 2. This act shall take effect and be in force from and after its publication in the statute book.