Governor Expected to Sign New Tax Plan
Associated Press - June 3, 2013 6:34 am
Republican Gov. Sam Brownback is expected to sign the tax plan pushed through the Kansas Legislature by its GOP leaders.
The measure raises new revenues for the state to prevent future budget shortfalls while still cutting individual income tax rates in the future. It’s designed to close projected budget cuts caused by massive income tax cuts enacted last year to stimulate the economy.
The House approved it early Sunday, 69-45, after the Senate passed it, 24-13. The measure emerged from private negotiations Saturday between the governor and GOP legislative leaders.
Brownback publicly endorsed it and called it a “fabulous package.”
It sets the sales tax at 6.15 percent. The tax is now 6.3 percent but has been scheduled to drop by law to 5.7 percent, also in July.