Senate approves small business tax breaks; critics say they’re bad policy

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The Kansas Senate on Thursday approved a small business tax break that critics said repeats the reckless fiscal policies of the past.

The Senate voted 31-8 to approve a bill - known as expensing in shorthand - that would allow businesses to deduct the full amount of a capital purchase up front instead of deducting just the depreciated amount over time.

The bill restores a provision of tax law repealed in 2012 when the Legislature enacted sweeping tax cuts. The law, however, did not get added back in when the state reversed tax policy last year.

The bill is intended to . . .

SSJ

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