retirement tax Archives - Kansas Policy Institute

Time’s Not Yet Up for More Kansan Tax Relief 0
- Tax & Spending
- May 11, 2022
During the last weeks of the Kansas legislature, many policies were moved from their original bills to other pieces of legislation – an annual occurrence. Kansans can expect to see some tax relief, but legislators should consider more ambitious reforms to stay competitive with other states. Highlighted provisions of the passed HB 2239 and HB
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Will Long-Term Kansas Tax Relief Please Stand Up?0
- Tax & Spending
- May 2, 2022
This past week was “veto week” in the Kansas Legislature: the time to “make it or break it” for the dozens of different proposals that have floated this legislative session. While some tax relief is already on the way, legislators have until the end of May to provide more. The most-talked-about policy this year was
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Tax Cuts Alongside Truth in Taxation Enhancements In Kansas HB 2597 0
- Tax & Spending
- April 18, 2022
From Iowa to South Dakota, Kansas’s Truth in Taxation legislation from 2021 is being hailed as a model example for property tax reform. The simple fact is that transparency and accountability are central to having a government that respects the rights and well-being of its citizens. HB 2597, is a “trailer bill” to that Truth in
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What Savings Do Kansans Get With HB 2239?0
- Tax & Spending
- April 7, 2022
There are some decent savings coming Kansans’ way through HB 2239, which has been approved and amended by both the House and the Senate. If signed by Kansas Governor Laura Kelly, then HB2239 would provide increased standard deductions, a property tax freeze for elderly citizens, and a SALT Parity act to better align the Kansas
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Simple Tax Reform Goes a Long Way 0
- Tax & Spending
- March 24, 2022
Much of the grumbling that comes every tax season comes not only from paying the taxes but also from the complexity of how to file them. Services, and the costs, ranging from TurboTax to Certified Public Accountants (CPAs) represent an additional cost to people to properly file their taxes. A simple tax reform that lowers
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Tax Reform Possible Through High February 2022 Tax Revenue 0
- Tax & Spending
- March 1, 2022
In February 2022, the state of Kansas took in a total tax revenue of $502 million, which was 3.9% greater than the estimates for this month. This includes $255 million in sales taxes and $212 million in income taxes. The tax revenue collected for February of this year was 10.2% higher than what it was
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