Key Votes
SB 1 - Reduces State Income Tax Rates - Key Vote
Kansas Key Votes
Stages
- March 21, 2011 Referred to Committee
- March 18, 2011 House Bill Passed
- Feb. 24, 2011 Senate Bill Passed
- Jan. 10, 2011 Introduced
Family
Issues
Stage Details
Legislation - Referred to Committee (Senate) - March 21, 2011
Legislation - Bill Passed (House) (73-47) - March 18, 2011 (Key vote)
Title: Reduces State Income Tax Rates
Vote Smart's Synopsis:
Vote to pass a bill that reduces individual and corporation income tax rates for a given fiscal year, beginning with 2011, in which the percentage of decrease in taxes is equal to the percentage of growth in the selected actual state general fund receipts for the previous year.
Highlights:
- Defines "selected actual state general fund receipts" as receipts from the following taxes and fees (Sec. 1):
- Individual and corporation income taxes;
- Financial institutions privilege taxes;
- Retail sales taxes;
- Compensating use taxes;
- Cigarette and tobacco product taxes;
- Cereal malt beverage and liquor gallonage taxes;
- Liquor enforcement taxes;
- Liquor drink taxes;
- Corporation franchise taxes;
- Annual franchise fees; and
- Mineral severance taxes.
- Specifies that the corporation normal income tax may not be reduced to less than 3.5 percent of the taxable income of a corporation (Sec. 1).
- Prohibits the secretary of revenue from making any adjustments to the individual and corporation income tax rates following a reduction by the percentage equal to the percentage increase in revenues in a fiscal year for the remainder of such year (Sec. 1).
Legislation - Bill Passed (Senate) (39-0) - Feb. 24, 2011
Legislation - Introduced (Senate) - Jan. 10, 2011
Title: Reduces State Income Tax Rates
Committee Sponsors
- Assessment and Taxation (Sponsor)
