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Kansas Senate to move quickly on bill that would repeal Brownback tax cuts
LJWorld.com: Topeka — Republican leaders in the Kansas Senate are planning to move quickly next week on a tax bill that would repeal the so-called LLC exemption and raise individual income tax rates.
Tax committee chairwoman Caryn Tyson, R-Parker, announced on the Senate floor Friday that she plans to hold an all-day hearing on the bill Monday, possibly extending into Tuesday, and then vote on the bill as early as Tuesday afternoon.
Senate Bill 147 would repeal the exemption for income derived from pass-through business entities, retroactive to Jan. 1, and would raise individual income tax rates by three-tenths of a percent starting in 2018.
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