US EditionSenate, House moving toward single income tax rate
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Senate, House moving toward single income tax rate
The Kansas House and Senate have passed similar but different bills moving the state toward a single income tax rate that would be reduced when state revenues beat inflation. The Senate voted 30-10 on Thursday to pass a bill that was originally proposed by the Kansas Chamber of Commerce to gradually lower individual tax rates to 4.5% when revenues beat inflation. The proposal would set a revenue baseline of about $10 billion in state general fun…
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