Kansas Income Tax Changes Start Today
Kansas Income Tax Changes Start Today - KansasCity.com
Sweeping changes in the Kansas tax code take effect Tuesday, when new rates for individual income taxpayers take effect.
The laws were approved by the Legislature in May and signed by GOP Gov. Sam Brownback. They are part of the administration’s efforts to improve the state’s business climate and increase the amount of money residents keep in their paychecks.
The top individual income tax rate drops to 4.9 percent from 6.45 percent. The owners of 191,000 businesses are exempt from income taxes. The changes are expected to cost the state about $4.5 billion over the next six years.