Kansas Legislature Overrides Governor Brownback's Veto

The Kansas legislature has been working for months on a bill to rollback certain tax exemptions and raise taxes to put a stop to the yearly Kansas budget deficits. This week the legislature sent a bill to Governor Brownback, which was vetoed. However, the legislature narrowly overrode his veto last night and Kansas Senate Bill 30 will be effective July 1, 2017. There are some important provisions in the law that impact our clients and we detail them below: Tax Rates 2017 Taxable income < $30K -- 2.9% Taxable income $30 - $60K -- 4.9% Taxable income > $60K -- 5.7% 2018 Taxable income < $30K -- 3.1% Taxable income $30 - $60K -- 5.25% Taxable income > $60K -- 5.7% *Other filing stat

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Cornerstone CPA Group, LLC

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