Can Kansas bank on windfall from federal tax code change? Revenue department urges caution

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On a spreadsheet, it looks like a pot of gold.

A half-billion dollar windfall courtesy of a change in the federal tax code could do a lot for Kansas.

Schools. Roads. Health care. Maybe even tax cuts.

Or maybe not. It just might be fool’s gold.

Analysts from the Kansas Department of Revenue told lawmakers in February that changes in the federal tax code passed late last year — known as the Tax Cuts and Jobs Act — could mean an extra $505 million for the state over three years.

However, as the session slogged forward, doubts about the amount . . .

SSJ

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