Archive for Tuesday, May 19, 2015
Kansas lawmakers having more discussions about raising taxes
May 19, 2015
Topeka Legislative committees are planning more discussions about proposals for raising taxes to erase a state budget shortfall.
The House Taxation Committee was having a hearing Tuesday on a bill that would narrow a tax break for business owners and farmers enacted in 2012.
The measure would backtrack on a policy advocated by Republican Gov. Sam Brownback as an economic stimulus. It exempted the profits of more than 330,000 business owners and farmers from income taxes.
Lawmakers cut income taxes in 2012 and 2013, and the state faces a budget shortfall projected at $406 million for the fiscal year beginning July 1.
The Senate tax committee also was meeting Tuesday to discuss revenue-raising proposals.
Tuesday was the 93rd day of the Legislature's annual session, three more than leaders traditionally schedule.
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