TOPEKA (KSNT) – The Kansas Senate has approved a new tax plan after several rounds of proposals. Gov. Laura Kelly called for a special session to decide on the state tax plan on May 29. The new tax plan sees bi-partisan perks such as cutting the tax on social security and food but makes adjustments to meet […]
TOPEKA (KSNT) – The Kansas Senate has approved a new tax plan after several rounds of proposals.
Gov. Laura Kelly called for a special session to decide on the state tax plan on May 29.
The new tax plan sees bi-partisan perks such as cutting the tax on social security and food but makes adjustments to meet the “affordability criteria” from Kelly. That includes removing property tax relief that had been proposed.
On April 22, Kansas’ Democratic governor vetoed a broad package of tax cuts for the second time in three months, describing it as “too expensive” despite the bipartisan support it enjoyed in the Republican-controlled Legislature.
Republican leaders say the new package simplifies the tax code into two brackets, lowers rates, includes substantial exemptions to help lower-income Kansans, reduces statewide property taxes, and repeals the state tax on Social Security. However, they said it does contain “minor adjustments.”
“The personal exemption for dependents increases from 2,250 to 2,320 for every dependent that you have,” Sen. Caryn Tyson, (R) Senate Tax Chair said. “Then, we get rid of the bottom tax bracket, 3.1%. I think the calculation during session was $31,000 and below will not be paying state income tax.”
The tax plan was approved by the Senate 34-4. The proposed tax plan under Senate Bill 1 now heads to the Kansas House of Representatives. Once the House votes on the bill, it will go to Kelly’s desk.
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