KS House Approves Economic Relief

By: AP
By: AP

TOPEKA, Kan. (AP) _ The Kansas House Monday approved an economic stimulus and disaster relief package.

One bill rewrites corporate income tax laws. It eliminates what some legislators see as loopholes for out-of-state corporations but lowers taxes for other firms. The state's top corporate income tax rate would drop half a percentage point.

The measure passed 109-13.

Another bill revises sales tax laws, with much of the relief going to nonprofit groups. House members approved it, 96-26.

Both measures went to the Senate. Together, the bills phase in $58 million worth of tax reductions over five years. They provide an additional $33 million in relief over the next three years to businesses in disaster-stricken areas.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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