Enacting the insurance savings account act, allowing individuals and corporations to establish insurance savings accounts with certain financial institutions, providing eligible expenses, requirements and restrictions for such accounts and establishing addition and subtraction modifications under the Kansas income tax act.

SB 25 creates "insurance savings accounts" for Kansas residents and businesses, allowing them to save tax-advantaged funds specifically for property and casualty insurance costs. Account holders can contribute up to $6,000 annually (or $12,000 for joint filers, $25,000 for corporations) to pay insurance premiums and deductibles, with contributions excluded from taxable income. Funds withdrawn for non-eligible expenses (like general living costs) must be added back to taxable income. Accounts must be held at approved banks or credit unions, and users must maintain documentation for all eligible insurance expenses.