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Minutes for SB326 - Committee on Taxation
Short Title
Providing an income tax credit for qualified railroad track maintenance expenditures of short line railroads and associated rail siding owners or lessees.
Minutes Content for Wed, Mar 16, 2022
Adam Siebers provided an overview on SB326 that provides an income tax credit for qualified railroad track maintenance expenditures of short line railroad and associated rail siding owners or lessees. (Attachment 15)
Kathleen Smith provided an overview on the fiscal note for SB326 stating the bill would decrease State General Fund revenues by $8.72 million starting in FY2023. The fiscal effect to state revenues would be subsequent for years FY2024, FY2025, FY2026, and FY2027.
Proponents:
Laura McNichol, Watco, testified as a proponent for SB326. (Attachment 16)
Ryan Pidde, Mickelson & Company, LLC, testified as a proponent for SB326. (Attachment 17)
Jeff Van Schaick, on behalf of Cimarron Valley Railroad, testified as a proponent for SB326. (Attachment 18)
Opponent written testimony was submitted by the following for SB326.
Shahira Stafford, Kansas Cooperative Council, (Attachment 19)
Randy Stookey, Kansas Grain & Feed Association, Kansas Agribusiness Retailers Association, (Attachment 20)
Kevin Shapland, Western Kansas Development Organization, (Attachment 21)
Opponent:
Ty E. Dragoo, International Association of Sheet Metal, Air, Rail, and Transportation Workers testified as an opponent for SB326. (Attachment 22)
Chairperson Smith closed the hearing on SB326.
