Tax Bill Needed to Close Kan. Deficit Advances

By: Associated Press
By: Associated Press

TOPEKA, Kan. (AP) _ A committee in the Kansas Senate has endorsed a $70 million tax bill seen as crucial to eliminating the state's budget deficit.

The Assessment and Taxation Committee's vote Thursday cleared the way for debate in the Senate, which was expected later in the day.

Legislators are trying to close a $328 million deficit in the $13 billion budget already approved for the next fiscal year. The tax bill is the last piece of a bipartisan plan for doing it.

The bill gives the Department of Revenue more power to waive penalties to get Kansans to pay back taxes, to raise $35 million.

The measure gives Kansans less time - one year instead of three - to seek income and sales tax refunds. It also reduces income tax credits for businesses and others.

(Copyright 2009 by The Associated Press. All Rights Reserved.)


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
631 SW Commerce Pl. Topeka, Kansas 66615 phone: 785-272-6397 fax: 785-272-1363 email: feedback@wibw.com
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 44554072 - wibw.com/a?a=44554072
Gray Television, Inc.