House, Senate negotiators reach tentative deal on new tax bill

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(Updated to correct GILTI tax rate)

House and Senate negotiators on Wednesday started hammering out a new tax bill that could be the Legislature's last, best hope of getting something passed this year.

House members and senators reached a tentative deal on a new bill that might be less expensive than the one passed earlier in the session but was vetoed by Democratic Gov. Laura Kelly.

It's a complex bill that keeps some of the previous elements, changes some original components and adds new items that were not part of the last piece of legislation.

It also includes . . .

SSJ

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