2025 Pub. 14 Issue 6

With the passage of the One Big Beautiful Bill Act, a new federal tax benefit was created for qualifying agricultural loans under Internal Revenue Code Section 139L. The provision requires banks to exclude 25% of the interest income from qualifying loans from federal taxable income. This article outlines the key rules, explains their interaction with the related interest expense disallowance under §265(b), and highlights recently issued interim guidance and the uncertainties that remain.

NXTUS Inc., a 501(c)(3) community organization dedicated to helping startups thrive, launched its sixth annual NXTSTAGE Financial Technology Pilot Competition in September. This program connects innovative Financial Technology startups from across the globe with Kansas financial institutions, positioning the state as a proving ground for breakthrough technologies.

We are proud to honor our Kansas bankers who actively serve on national, state and industry-related boards. Your dedication and hard work are invaluable in advancing our industry, and we deeply appreciate your commitment and the impactful contributions you make. Thank you for your service!

Terry Wayne Anderson, Vice President of Citizens State Bank in Burlington, passed away unexpectedly on Oct. 23, 2025, at Coffey County Hospital.

Peggy began her remarkable career with First National Bank (now FNB Bank) in Goodland on March 23, 1959. Over the years, she held a variety of key roles, including Executive Secretary, Assistant Trust Officer and Assistant to the President, before being promoted to Vice President and Trust Officer in January 1984. She advanced to Senior Vice President and Trust Officer in February 1991.

The Cherokee Strip Land Rush Museum in Arkansas City has opened an expanded exhibit honoring the Docking family’s long history of public service in Kansas. More than 160 people, including Governor Laura Kelly, attended the dedication ceremony celebrating their legacy.

Emporia, Kansas, proudly holds the title of the Founding City of Veterans Day, a legacy rooted in local conviction and national recognition. In 1953, Emporia resident Alvin J. King proposed changing Armistice Day to Veterans Day so that all U.S. veterans, from every war and conflict, would be honored. With support from Congressman Ed Rees, that idea became federal law in 1954, and in 2003, Congress formally declared Emporia as the founding city of the holiday.

The KBA Trust Division hosted its annual Trust Conference on Oct. 23-24 at the Hilton Garden Inn in Manhattan. The conference provided attendees with valuable, up-to-date insights on the latest trends and advancements in trust and estate management, equipping them with practical tools and knowledge.

Above (L-R) Back Row: Nick Barnes, Kendal Kay, Mark Schifferdecker, Dan Bolen, Gene Dikeman, Tony Nemec, Kathy Taylor. Front Row: Doug Wareham, Janelle Wareham, Nancy Schifferdecker, Michelle Bowman, Kyle Campbell, John Hower, Kendra Campbell, Julie Hower, Mary Dikeman, Matyson Barnes On Thursday, Sept. 18, Kansas native Michelle “Miki” Bowman was sworn in as the Vice