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.)
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.