ACTION ALERT on SB 188: The Senate will be debating SB 188 tomorrow (2/16/17). Please urge your senator to vote YES and allow Kansas to fund its schools and other essential needs. This bill has bipartisan support, and Game On submitted testimony in favor of this bill on Tuesday. Here’s a summary of what SB 188 does.

“A key feature of the budget-balancing package put together by Democrats is the repeal, retroactive to Jan. 1, 2017, of the income tax exemption granted farmers, dentists and other owners of LLCs and other business structures. That business-owner tax was signed in 2012 by Brownback, who promised an economic renaissance in post-recession Kansas.

“The Democrats’ bill would restore all standard and itemized deductions to 2012 law, delete from state law automatic personal income tax rate cuts and retain an income tax exemption for low-income earners.

“In addition, the state would reimpose a third individual income tax bracket as was the case in 2012. The new rates would be 2.7 percent, 4.6 percent and 6.45 percent. The bottom two rates would be unchanged from present law and the new higher rate would apply to married joint filers with at least $70,000 in annual taxable income.”

http://cjonline.com/news/local/2017-02-15/senate-prepares-floor-debate-democrats-tax-plan

Originally posted on Facebook 2/15/17.