Kansas Senate passes compromise tax reform for fourth time

TOPEKA, Kan. (WIBW) - The Kansas Senate passed the compromise tax reform for the fourth time this session.

According to the Office of Senate President Ty Masterson, on Friday night, April 5, the Senate passed a compromise tax plan that provides tax relief to every Kansas and puts our state on a glidepath to economic growth. Tonight’s vote marks the fourth time this session alone the Senate has passed tax relief, demonstrating a commitment to taxpayers.

The Office of Senate President said the package contained in HB 2036 includes a two-rate structure, with rates of 5.55% and 5.15%, and a giant personal exemption that would primarily benefit those in lower income brackets. It also eliminates the income tax on social security, provides property tax relief, and accelerates the elimination of the state sales tax on food to July 1.

Following the vote, Masterson issued the following statement:

“This bill simplifies the tax code with meaningful rate reductions and substantial help to those who need it the most, including a full repeal of the tax on social security. It puts us firmly on the path towards a better structure which is critical for economic growth. The success of tonight’s vote means that once again, Kansans are just one signature away from the tax relief they’ve been asking for.”

In addition, Senator Caryn Tyson, chair of the Senate Taxation Committee, who has worked all session on various approaches to tax relief, heralded the bill:

“This is a true compromise that completes the goal of eliminating the tax on social security and reducing property taxes, while lowering income tax rates into a simpler two-rate structure that provides large exemptions to help families. It took a tremendous amount of work by many to get here, and I hope the governor will sign the bill when it reaches her desk.”