Overtime Update: House Plans to Debate Tax Bills Friday

(AP) – Kansas House members are preparing to debate proposals for raising sales, tobacco and business taxes to close a projected budget shortfall.

Republican leaders in the GOP-dominated chamber put three tax bills on Friday’s agenda. Top Republicans hope the House passes at least one.

Lawmakers must close a $406 million budget shortfall for the fiscal year beginning July 1. The gap arose after they cut income taxes in 2012 and 2013 at Republican Gov. Sam Brownback’s urging to stimulate the economy.

One key issue is increasing the state’s 6.15 percent sales tax.

Another is whether to backtrack on a 2012 policy allowing more than 330,000 farmers and business owners to avoid income taxes on their profits.

There are no comments on this post.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: