June 2024

Kansas lawmakers approve cuts to property and income taxes in bill totaling $380 million per year

Kansas lawmakers passed major tax cuts on Tuesday that will reduce income taxes and ultimately cost the state an estimated nearly $2 billion over the next five years.The bill would combine the state’s three income tax brackets into two and lower the top rates to 5.2% and 5.58% respectively.

Read MoreKansas lawmakers approve cuts to property and income taxes in bill totaling $380 million per year