Kansas House Bill 2543: Eliminating New-Home Inventory Taxes
The Kansas House Committee on Taxation this week sent House Bill 2543 for consideration to the full House, which is expected to begin debate as early as Monday, March 24. This bill would change property tax assessment on new homes from a completion system to occupancy assessment, effectively eliminating the inventory tax on model homes, spec homes and homes under construction while adding new homes to the property tax rolls at full value after occupancy. The HBA has worked closely with the legislature to advance the bill and urges all members to contact their legislators immediately!
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Testimony by Mike Brown | Testimony by Tom Woods | Testimony by Phil Perry |