KS Gov. signs bills for tax relief & sports franchise relocations

Two pieces of legislation adopted during the special session in Kansas have been signed into law.

SB 1 simplifies the tax code and provides tax relief to Kansans, and HB 2001
represents an opportunity to attract the Kansas City Chiefs football team and Kansas City Royals baseball franchise to Kansas and most importantly, which would help keep the teams in the Kansas City area.

Following the signatures by Kansas governor Laura Kelly, Senate President Ty Masterson of Andover and House Speaker Dan Hawkins of Wichita issued the following statements.

On SB 1:
“Broad property and income tax relief is now officially on its way to every Kansan. While we firmly believe more relief could have and should have been included in this bill, it is an important first step toward putting Kansas in the best position for economic growth. When we return in January, we plan to build on this momentum with a focus on providing property tax relief for every Kansan.”

On HB 2001:
“Kansas’ unique STAR Bond tool now provides an additional option for the Kansas City Chiefs and Royals to remain in the Kansas City region without raising taxes to fund new, state-of-the-art stadium complexes for the teams. This exciting, once-in-a-lifetime opportunity holds unlimited potential for both our state and for Chiefs and Royals fans everywhere.”