Search results
Results From The WOW.Com Content Network
Child care tax credit. The state's existing income tax credit for household and dependent care expenses is increasing from 25% to 50% of the federally allowed amount.
The Kansas Legislature on Tuesday passed tax cuts that Gov. Laura Kelly will sign, ending a months-long dispute over the affordability of reductions that led to a rare special session.
The bill cut the state's individual income tax rates and cut the number of individual income tax brackets from three to two. [5] Specifically, the top income tax rates were cut from 6.45% and 6.25% to 4.9%, allowing higher earning taxpayers to pay the same marginal rate as the middle class; [23] the bottom rate was reduced from 3.5% to 3% ...
A privilege tax cut would benefit banks and financial institutions that were left out of a previous corporate income tax cut. It would cost $20 million over five years.
Under current Kansas law, the income tax brackets are set at 3.1%, 5.25% and 5.7%, with individuals making over $30,000 a year in taxable income taxed at the top rate.
t. e. Kansas has the 26th highest per capita income in the United States, at $20,506 (2000). Its personal per capita income is $29,935 (2003).
The Kansas Legislature will begin a special session on June 18 focused on tax cuts, after Gov. Laura Kelly earlier this month vetoed the latest bipartisan package over concerns about its size.
In order to help pay for its war effort in the American Civil War, the United States government imposed its first personal income tax, on August 5, 1861, as part of the Revenue Act of 1861. Tax rates were 3% on income exceeding $600 and less than $10,000, and 5% on income exceeding $10,000. [ 8 ] This tax was repealed and replaced by another ...