February 7, 2017

ITEP Testimony Regarding Kansas Senate Bill 2237

ITEP Work in Action

ITEP analysis of Kansas tax changes enacted between 2012 and 2015 shows the state lost over $1 billion in revenue annually from changes to its personal income tax, including lowering income tax rates and exempting business pass-through income from taxation (see Figure 1). While the state subsequently made up some of these revenue losses through various measures including increasing  regressive sales and cigarette taxes, limiting itemized deductions, and freezing income tax rate cuts in 2015, ITEP estimates that the net impact to the state has been losses of over $650 million a year.

Read more here



Tags



Share