July 13, 2024

Saluti Law Medi

Rule it with System

Kansas flat earnings tax approach turned down by Senate just after Laura Kelly veto

Kansas flat earnings tax approach turned down by Senate just after Laura Kelly veto

A tax minimize package deal headlined by a flat earnings tax proposal has unsuccessful to achieve the supermajority expected to override Gov. Laura Kelly’s veto, leaving the likelihood of lawmakers enacting tax cuts in limbo.

The Senate voted 26-14 on Wednesday, a single vote shy of the supermajority desired for an override.

Senate Bill 169 contained a offer of revenue, profits and home tax cuts amounting to $1.4 billion over three fiscal yrs. The most substantive piece of the prepare was a 5.15% single charge tax that removes the existing progressive, three-rate revenue tax program.

“I wish that we could move this for all Kansans and I’ll proceed preventing for the Kansas taxpayer,” claimed Sen. Caryn Tyson, R-Parker and the chair of the Senate tax committee.