Governor Silent on Vetoing Repeal of Tax Break
Associated Press - May 12, 2015 12:34 pm
Kansas Gov. Sam Brownback is not saying whether he would veto a revenue-raising plan from legislators if it repeals a tax break he’s championed for business owners and farmers.
The Republican governor shrugged off that question Tuesday as the House Taxation Committee worked on a plan to close a projected $406 million budget shortfall for the fiscal year beginning July 1.
The committee on Monday approved a bill repealing a tax break enacted in 2012 for more than 330,000 business owners and farmers. It exempted their profits from personal income taxes.
Brownback pushed for the tax break as an economic stimulus and opposes repealing it.
Asked about the House committee’s action Monday, the governor said he wants to see what emerges from the lengthy process of passing a tax plan.