Yesterday, Governor Laura Kelly vetoed the bipartisan tax plan sent to her by the legislation and instead, provided her own tax plan for consideration. Governor Kelly’s plan is $433 million per year, and takes into account, most of the contents of House Bill 2098 and Senate Bill 96. She says her plan is considerably less costly than what the legislature sent to her desk, which was $520 million when considering all tax bills being proposed. The main difference in the plan is that it includes a child care tax credit, she believes is vital to Kansas families.
She says that the intent of House Bill 2098 is on the right track to provide sales tax relief. Her plan eliminates the state’s sales tax on groceries on July 1st. Increases the standard deduction, personal exemption, and child care tax credit for dependent care expenses, immediately eliminates state taxes on all social security income; and cuts property taxes for Kansans by exempting the first $125,000 of all homes from the statewide property tax levy. Her plan now goes to the legislature, who reconvenes today, April 25th.
