The Kansas Legislature passed a new tax package before adjourning. It comes after hours of reworking their rejected proposal Tuesday night.
The bill passed the Senate 25-9 after passing the House 108-11. It now heads to Governor Laura Kelly's desk.
KSN News reports 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%, and taxable income of $46,001 and above would be taxed at 5.57%.
For all other filers, taxable income of $0 to $23,000 would be taxed at 5.2%, and taxable income of $23,001 and above would be taxed at 5.57%.
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.
To read more about the proposal, click here.
