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Panel Approves Plan To End Business Tax Break

Associated Press - May 12, 2015 5:01 am


A Kansas House committee has approved a bill to end a business tax break championed by Republican Gov. Sam Brownback.

The Taxation Committee’s 13-8 vote Monday sent the measure to the House for debate.

The committee is considering proposals to raise taxes to close a budget shortfall. Legislative researchers said the projected deficit is $406 million for the fiscal year beginning July 1.

The bill clearing committee would raise $134 million during the next fiscal year.

The measure repeals a tax break for 333,000 business owners and farmers enacted in 2012 at Brownback’s urging to boost the economy. The policy exempted their business income from taxes.

The bill imposes a 2.7 percent tax on most of the income and a 4.6 percent tax on rents and royalties.

Keith Davis

May 12, 2015 at 6:14 am

If the Kansas Legislators pass all these tax hikes we the people of the “once great state” need to start boycotting any business that those legislators vote yes. Then, we the people need tp bring a class action lawsuit against Sam Brownback and demand a recall. Enough is enough !!!

Jim Leckliter

May 12, 2015 at 7:15 am

The tax breaks never should have happened in the first place. The republican “trickle down effect” has never once proven itself to support the economy and this deficit is proof.

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