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Senate hears Brownback tax plan in Kansas
The Kansas Senate tax panel began work on Gov. Sam Brownback's tax proposal, Senate Bill 175, which would restore income taxes on rents and royalties while keeping most LLC exemptions and freezing the bottom rate at 2.7 percent. It would also raise cigarette and liquor taxes, with revenue eyed at 191 million dollars next fiscal year to cover a 500 million dollar budget shortfall. The plan drew blunt opposition from Sen. Julia Lynn and faces border-area concerns over shopper leakage to Missouri. The panel will hear Democrats' alternative tax plan next.
MENTIONED IN THIS ARTICLE
Topeka
Senate
Chamber
Sam Brownback
Julia Lynn
R-olathe
Brown
Back
Brownback
Revenue
Sam Williams
Point
Kansas Department of Revenue
Kansas
Kansas City
Missouri
Lynn