Tagged: sales tax

The Missouri House has passed a Senate bill that would overhaul the state’s income and sales taxes, but not before making a few changes.

Three years ago the Kansas legislature passed a one-cent sales tax with the intention of removing it at a later date.

A select group of lawmakers from the Kansas House and Senate started negotiations on tax legislation today. The conference committee will work to find a compromise between bills that passed the two chambers.

The bills have one large difference. The Senate version makes a temporary sales tax permanent to help offset the costs of income tax cuts. The House version allows the sales tax to expire as planned later this year, and introduces additional income tax reductions more slowly.

Senator Les Donovan, a Wichita Republican, says extending the sales tax is critical.

The Kansas House and Senate are working on two bills that would cut income taxes, but they are very different in one aspect.

The bill that passed the Senate would make permanent a temporary sales tax that's set to expire later this year. The House plan would let the sales tax expire as planned.

Senate Majority Leader Terry Bruce, a Republican from Hutchinson, says the sales tax wouldn't be a deal breaker.

The Missouri Senate has given first-round approval to a phased-in tax overhaul designed to help the Show-Me State compete with neighboring Kansas, which recently slashed its tax rates. 

A large tax overhaul takes effect in Kansas now that the New Year has begun, but it may not remain as-is for long.