Kansas lawmakers pass new tax package before final adjournment
TOPEKA (KSNT)- The Kansas Legislature passed a new tax package, before adjourning. It comes after hours of re-working their rejected proposal Tuesday night.
The bill passed the Senate 25-9, after passing the House 108-11. It now heads to the Governor's desk.
The package is similar to the previous proposal – which included a two-rate income tax – but it modifies the top two rates to reduce how much the two brackets are cut.
According to the conference committee report, the new package would restructure the Kansas individual income tax brackets to a two-bracket system, beginning in tax year 2024. For married individuals filing jointly, taxable income of $0 to $46,000 would be taxed at 5.2 percent, and taxable income of $46,001 and above would be taxed at 5.57 percent.
For all other filers, taxable income of $0 to $23,000 would be taxed at 5.2 percent, and taxable income of $23,001 and above would be taxed at 5.57 percent.
The bill also includes property tax relief, eliminates the income tax for social security, and gets rid of the state food sales tax by July 1.
Both the House and Senate are currently adjourned until January 13, 2025. If she vetoes the plan, she could call a special session on taxes – which she mentioned following through with earlier this year, if major tax legislation failed to make it through. That would force lawmakers to come back in the coming weeks to work out a new deal.
To read more about the proposal, click here.