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Kansas Senate Bill Substitute HB 2117, "one of the largest income tax cuts in Kansas history", [3] was introduced in January 2011, approved by Brownback in May 2012, and became effective on July 1 of the same year. [1] A key part of the bill was the elimination of taxes on "pass-through" income.
The bipartisan package consolidates the state’s three income tax brackets into two, while cutting rates, providing all taxpayers a reduction. ... .2% and 5.58% with the dividing line between the ...
Child care tax credit. The state's existing income tax credit for household and dependent care expenses is increasing from 25% to 50% of the federally allowed amount.
Under current Kansas law, the tax brackets are set at 3.1%, 5.25% and 5.7%, with individuals making over $30,000 a year in taxable income taxed at the top rate.
The act was criticized by law professor Martin B. Dickinson of Kansas University for shifting the tax burden from wealthy Kansans to low- and moderate-income workers, [117] with the top income tax rate dropping by 25%. [118] Under Brownback, Kansas also lowered the sales tax and eliminated a tax on small businesses. [118]
This is a table of the total federal tax revenue by state, federal district, and territory collected by the U.S. Internal Revenue Service. Gross Collections indicates the total federal tax revenue collected by the IRS from each U.S. state , the District of Columbia , and Puerto Rico .
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