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Kansas lawmaker pitches plan to end state property taxes
Kansas Representative Blake Carpenter proposes a constitutional amendment and a state funded endowment to replace property tax revenue. A Freedom From Taxes Fund would absorb sales tax exemptions, growing to 13 to 15 billion dollars in seven to eight years, with interest offsetting mill levies for schools and potentially income tax. He urges research before next session and notes Norway’s sovereign fund as a model.
MENTIONED IN THIS ARTICLE
Torperio
Blake Carpenter
Carpenter
Kansas
Derby
House Taxation Committee
Kansas Citizens Freedom Review Board
Tom Kessler
Richita
Tom Sawyer
Dwichita
United States
Norway
Sovereign Wealth Fund