UPDATED: New tax bill more than $200 million less than vetoed legislation

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(Updated to reflect new comments from Senate president and Democratic response)

A new tax bill crafted by House and Senate negotiators is estimated to come in at more than $200 million less than the legislation vetoed by Gov. Laura Kelly.

Preliminary figures compiled by fiscal analysts show that the new tax bill is estimated to cost about $239 million over three years.

The previous tax bill passed by the Legislature - and vetoed by the governor - was estimated at about $504 million over three years.

Senate President Susan Wagle . . .

SSJ

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