Kansas Legislature Passes Major Tax Overhaul Bill
Governor Laura Kelly weighs veto amid concerns over fiscal sustainability and budgetary impacts.
- Kansas lawmakers pass a bill to overhaul state income taxes, proposing to cut income, sales, and property taxes by more than $1.5 billion over three years.
- Democratic Gov. Laura Kelly might veto the bill, citing concerns over fiscal sustainability and the potential for future budget problems.
- The legislation aims to reduce the number of personal income tax rates from three to two, and includes provisions to eliminate taxes on Social Security benefits and lower state-imposed property taxes for public schools.
- Despite bipartisan support in the House, the bill faces opposition from some Senate Democrats and uncertainty over whether it can withstand a gubernatorial veto.
- Kansas's fiscal situation contrasts with other states like Georgia, which have successfully enacted tax cuts, highlighting the political and budgetary challenges unique to Kansas.