Session of 1999
By Representatives Powell, Palmer and Sharp

  9             AN  ACT relating to income taxation; allowing a credit therefrom for cer-
10             tain motor vehicle taxes.
12       Be it enacted by the Legislature of the State of Kansas:
13             Section  1. (a) There shall be allowed as a credit against the tax lia-
14       bility of a taxpayer imposed under the Kansas income tax act a percentage
15       amount of the tax which is levied upon motor vehicles pursuant to the
16       provisions of K.S.A. 79-5101 et seq., and amendments thereto, and which
17       is actually paid during an income tax year as determined in accordance
18       with the following schedule. No credit shall be allowed for any interest
19       which was payable pursuant to K.S.A. 79-5114, and amendments thereto.
20             Tax Years     Percentage amount
21              1999              25%
22              2000              50%
23              2001              75%
24              2002, and all tax years thereafter       100%    
25             (b) If the amount of the credit allowed by subsection (a) exceeds the
26       taxpayer's income tax liability for the taxable year, such excess amount
27       shall be refunded to the taxpayer. 
28        Sec.  2. This act shall take effect and be in force from and after its
29       publication in the statute book.