May 17, 2012

Latest Kansas Tax Bill Carries $680 Million Price Tag and Raises Taxes on Those Least Able to Pay


A joint House-Senate conference committ ee is poised to approve a revised version of the tax bill recently sent to the Governor by the House of Representatives. An Institute on Taxation and Economic Policy (ITEP) analysis of the agreed-upon tax bill shows that it would reduce state tax collections by about $680 million a year, and increase taxes on the poorest 20 percent of Kansans.

The conference committee plan exempts all ‘pass-through’ business income from the personal income tax; cuts income tax rates; repeals a variety of itemized deductions including those for medical expenses and property taxes. It also eliminates a tax credit for low-income renters and reduces the earned income tax credit for low-income workers.

Read the Full Report (PDF)