Salina, KS

Now: 53 °

Currently: Fair

Hi: 53 ° | Lo: 32 °

Effects of Kansas Tax Cuts ‘Understated’

KSAL StaffJune 10, 2014

A report from the Kansas Legislature’s nonpartisan research staff is sparking new questions about explanations for recent revenue shortfalls from Republican Governor Sam Brownback’s administration.

The legislative report released Tuesday said the estimates for income tax cuts championed by Brownback in 2012 and 2013 appear to have been understated in the state’s official revenue projections.

State tax collections in April and May of this year were $310 million short of the projections. The Department of Revenue has blamed disputes in Washington over federal tax policy that caused investors not to claim capital gains in 2013.

Secretary Nick Jordan stood by that explanation Tuesday.

The Legislative Research Department’s monthly report on revenues acknowledged the capital gains issue as a factor in the recent shortfalls but also cited understated estimates for tax cuts.

Copyright © Rocking M Media, 2017. All Rights Reserved. No part of this story may be reproduced without Rocking M Media’s express consent.

CATEGORIES :

COMMENTS

RELATED POSTS

Changes Coming For Kansas License Buyers

December 2, 2017 10:15 am

Proposed Kansas Tyson Plant Paused

November 21, 2017 6:19 am

STAY IN TOUCH!

GET OUR APP!

LATEST POSTS

Jones Inaugurated as Beth...
December 15, 2017Comments
Salina Crime Stoppers 12-...
December 15, 2017Comments
Man Who Fought with Firef...
December 15, 2017Comments
Another Most Wanted Arres...
December 15, 2017Comments

LATEST TWEETS

Read all tweets
© 2007 - 2017