26 Jan 2024 Kansas Statehouse Insider – Week Three
This week, the Kansas legislature sent its tax bill, House Bill 2284, to Governor Laura Kelly for consideration, who on Friday afternoon, vetoed the legislation. The bill proposed a single income tax rate at 5.25 percent (rather than the current two rates), along with exemptions on the first $6,150.00 in income for individuals and $12,300.00 for couples. Additionally, it would have increased the standard deduction, provided residential property tax relief, and created a 0 percent sales tax rate on food beginning in April. The bill would have cost the state $1.6 billion in lost revenues over the...