Wednesday, March 13, 2013
The Kansas Senate has rejected part of Republican Gov. Sam Brownback's income tax plan in favor of a compromise pushed by the Kansas Association of Realtors.
On a voice vote, the Senate amended an income tax bill it was debating Wednesday.
The real estate agents' association lobbied senators to revise the bill to preserve at least a partial tax break for homeowners.
Brownback proposed scrapping a deduction for home mortgage interest. The amended bill would phase out all individual income tax deductions as tax rates drop.
The legislation still contains Brownback's plan to follow last year's income tax cuts by phasing in additional rate cuts over four years.
But Brownback and lawmakers also must stabilize the budget and are looking for offsetting revenue-raising measures.