The Kansas Legislature on Thursday approved a bill gradually moving the state to a single tax rate as income tax revenues beat inflation.
The Senate voted 30-10 to pass a bill backed by the Kansas Chamber of Commerce that gradually cuts individual income taxes to 4% when the state generates $5.96 billion dollars that come from income taxes plus inflation.
The legislation also would subsequently cut the tax rates for corporations as well as banks . . .
SSJ
This content is restricted to subscribers. Click here to subscribe. Already a subscriber? Click here to login.
