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You are at:Home»State News»Figures say Kansas tax plan helps all

Figures say Kansas tax plan helps all

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By KMAN Staff on May 9, 2012 State News

TOPEKA, Kan. (AP) New figures from the Kansas Department of Revenue suggest that a plan legislators are considering to cut income and sales taxes would benefit all classes of taxpayers.

The department released the figures Wednesday just hours before the Senate was to vote on the plan. The Associated Press obtained the figures from the agency before they were turned over to the Legislature.

The figures show that some of the state’s poorest taxpayers, who now receive income tax refunds, would receive smaller refunds under the plan. However, the department projects that change would be offset by a reduction in the sales tax.

The plan reduces individual income tax rates; phases out income taxes for 191,000 businesses and drops the sales tax to 5.7 percent in July 2013 from its current 6.3 percent.

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