Liberal, KS

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Passage Of Tax Cut Bill Unclear

KSCB News - March 21, 2012 8:19 am

Members of the Kansas Senate aren’t sure a
bill cutting taxes can pass their chamber.
The measure was up for a final vote Wednesday.
It cuts the state’s top individual income tax rates and
eliminates income taxes for 191,000 partnerships, sole
proprietorships and other small businesses. It also cuts the sales
tax from 6.3 percent to 5.7 percent in July 2013.
The Senate’s plan could come with a massive price tag – as high
as $800 million a year.
It’s a departure from a plan outlined by Gov. Sam Brownback to
overhaul the individual income tax code. He also wanted to cut top
tax rates and help businesses but proposed eliminating numerous tax
credits and deductions, which the Senate rejected.
And Brownback didn’t want to cut the sales tax.

 

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