Kansas lawmakers have announced that they have reached an agreement on the much-debated tax relief package.
Leaders in the Kansas legislature and Gov. Laura Kelly released a joint statement on Thursday evening affirming their agreement on the package.
The package agreed to remains mostly unchanged from the previous packages, keeping the two-tiered income bracket that the legislature supported, as well as tax cuts for Social Security and includes many exemptions like a property tax cut. The legislation also looks to fulfill Kelly’s goal of being paid for.
Kelly says that the legislation should not cost more than $425 million annually for the state. Lawmakers will now look to propose a package around $375 million, which is nearly $100 million cheaper than previously passed packages.
Legislators will meet next Tuesday Jun. 18 for a special session to discuss the new package as well as efforts to pass STAR bonds with the goal of pulling the Chiefs and Royals across the state line.
