Friday, January 25, 2013
Kansas Revenue Secretary Nick Jordan is preparing to discuss Gov. Sam Brownback's proposals to abolish two popular income tax deductions for homeowners and cancel a scheduled decline in the state sales tax.
Jordan scheduled a Friday morning briefing with reporters.
Brownback's plan would eliminate a projected $267 million budget shortfall in the fiscal year that starts July 1 while also allowing future reductions in income tax rates. The state has a budget gap because it cut income taxes aggressively last year.
Brownback wants to eliminate income tax deductions for the property taxes Kansans pay on their homes and the interest charged on their mortgages.
The governor also seeks to keep the sales tax at 6.3 percent instead of letting it to 5.7 percent in July, as state law now requires.