TOPEKA, Kan. (AP) The Kansas Senate expects its vote to be close on proposed income and sales tax cuts.
Senators were set to vote Wednesday afternoon. The plan is expected to provide about $60 million in tax relief for the fiscal year beginning July 1, with the total eventually rising to $600 million annually.
The plan reduces individual income tax rates, phases out income taxes for 191,000 businesses and other businesses, and drops the state’s sales tax to 5.7 percent in July 2013 from its current 6.3 percent.
But a Washington-based think tank has said the plan would favor the wealthy over the poor.
If senators pass the plan, the House will vote, possibly as early as Wednesday evening. Its approval would send the measure to Republican Gov. Sam Brownback.
