Wednesday, June 12, 2013
Gov. Sam Brownback has scheduled two ceremonies to sign a tax bill that makes additional cuts to the Kansas income tax rate while lowering the sales tax rate.
The Republican governor will sign the bill at stops Thursday at a construction site in Overland Park and a business in Wichita.
Legislators sent Brownback the bill on June 2, following massive individual income tax cuts enacted last year. The measure cuts income tax rates again over the next five years.
But those new rate reductions are tied to other revenue-raising measures, including a provision setting the sales tax at 6.15 percent.
The mix of policies in this year's bill is expected to generate a net gain in state revenues of $777 million over the next five years.