Liberal, KS

Now: 64 °

Currently: Clouds

Hi: 77 ° | Lo: 58 °

House Tax Plan Cheaper Than Thought

KSCB News - March 15, 2012 3:14 pm

New estimates show that a sweeping tax-cut bill approved by the Kansas House would have a smaller impact on state revenues than earlier projected.

Documents prepared by legislative analysts put the cost of cutting income and sales taxes at nearly $334 million in the first year.

Projected over five years, the cost grows to nearly $2.2 billion. The figure includes nearly $776 million from cuts in income taxes, and $1.42 billion from abolishing the sales tax on food.

The documents also show that a separate tax-cut plan endorsed by a Senate committee would cost the state about $105 million in the first year. That plan is a modified version of proposals from Gov. Sam Brownback.


Latest Stories

Final List of Candidates for Local Elections

SEWARD COUNTY ELECTION OFFICE FILINGS TO DATE 06-01-23 City of Liberal Commission (3 POSITIONS) Jose Lara...

Man Tries Fleeing Police on Foot Apprehended

On Wednesday, May 31, 2023, at about 1:00 pm, an officer with the Liberal Police Department...

Early Morning Accident in Cimarron County OK

An injury accident occurred Thursday morning at approximately 2:04 am just west of the intersection of...

KSCB Radio News