Thursday, March 14, 2013
The Kansas Senate is preparing to take final action on a bill that cuts the state's individual income tax rates further but also cancels a scheduled drop in the sales tax.
The measure up for a vote Thursday follows massive personal income tax cuts enacted last year. It's designed to stabilize the budget while allowing Gov. Sam Brownback and other Republicans to pursue their goal of eventually phasing out personal income taxes.
The bill contains Brownback's plan to phase in a second round of income tax rate cuts over four years. It also keeps the sales tax at its current 6.3 percent rate, rather than letting it drop to 5.7 percent in July, as provided by law.
It also phases out income tax deductions as rates decline.