Monday, February 13, 2012
Legislative committees have scheduled additional hearings this week to consider several plans to cut the Kansas tax rates.
House Republicans are expected to introduce their plan to cut individual income tax rates on Monday. The plan builds on a proposal from Republican Gov. Sam Brownback, but makes modifications in the elimination of tax credits and the state sales tax rate.
Senators have hearings planned Tuesday and Wednesday on the governor's plan, which would reduce the number of income tax brackets from three to two and cut rates. It also would eliminate the earned income tax credit for low-income taxpayers.
The House plan keeps the three tax brackets but reduce the rates. It also cuts the earned income tax credit in half.