Post by Logan on Feb 10, 2017 5:42:35 GMT -6
Kansas House committee signs off on tax increases, repealing LLC exemption
TOPEKA -- Tax increases of a slightly different flavor are on the move in the Kansas House.
A bill approved 13-9 by the House tax committee Thursday afternoon would renew a third income tax bracket and repeal an exemption for roughly 330,000 business owners.
It could, at some point, come to the House floor for a vote.
But it wasn’t clear Thursday afternoon when, or if, that would happen.
Rep. Erin Davis, an Olathe Republican, said she supported ending the tax cut for the business owners. But this bill, she said, goes too far.
Read more here: www.kansascity.com/news/politics-government/article131849229.html
TOPEKA -- Tax increases of a slightly different flavor are on the move in the Kansas House.
A bill approved 13-9 by the House tax committee Thursday afternoon would renew a third income tax bracket and repeal an exemption for roughly 330,000 business owners.
It could, at some point, come to the House floor for a vote.
But it wasn’t clear Thursday afternoon when, or if, that would happen.
Rep. Erin Davis, an Olathe Republican, said she supported ending the tax cut for the business owners. But this bill, she said, goes too far.
Read more here: www.kansascity.com/news/politics-government/article131849229.html