TOPEKA — The Kansas House Taxation Committee’s chairman says he expects the panel to consider a bill to repeal an income tax break for business owners.
Republican Rep. Marvin Kleeb of Overland Park said the committee could consider the proposal Friday or Saturday.
The targeted policy was a key part of massive personal income tax cuts enacted in 2012 and 2013 at GOP Gov. Sam Brownback’s urging in an effort to stimulate the economy. It exempted more than 330,000 farmers and business owners from personal income taxes.
Even some Republicans are pushing to reverse the tax break to help balance the state’s budget through June 2017. Lawmakers must close shortfalls totaling more than $290 million in the state’s current budget and the budget for the fiscal year beginning in July.
