HB2642 — Removing obsolete reference to global intangible low-taxed income provided for under the federal internal revenue code in determining Kansas adjusted gross income.

HB2642 — Removing obsolete reference to global intangible low-taxed income provided for under the federal internal revenue code in determining Kansas adjusted gross income. · Informed CitizenryHB 2642 amends K.S.A. 2025 Supp. 79-32,117 by adding or subtracting amounts to federal adjusted gross income (AGI). The bill adds several items to AGI, including: interest income on state/political…Open in Informed Citizenry