Part of Kansas Governor Laura Kelly’s State of the State address Wednesday will be more information about her proposal on cutting taxes.
The governor’s annual speech highlighting future policy goals and past accomplishments will be at 6:30 pm.
Joined by Republican John Doll, Independent Dennis Pyle and fellow Democrat DInah Sykes, Governor Kelly unveiled her tax cut plan Monday morning. The proposal includes several key components:
*Exempting the first $100,000 in state property taxes for all Kansas homeowners, a step that could save homeowners around $100 million per year and reducing payments to $20 or less for around 370,000 residents
*Eliminating state taxes on Social Security income, a step that could save retired residents over $500 million if in place for five years
*Increasing standard deductions, a plan that could save residents over $200 million in three years
*Doubling the Child and Dependent Care Tax Credit for an $18 million savings in three years for Kansas families
*Immediately ending the food sales tax on groceries, diapers and feminine hygiene products instead of waiting until January 2025
*Creating a back-to-school sales tax holiday, which could save residents $15 million over three years
Republican leaders have supported a flat tax option.
Due to other commitments, KVOE will not broadcast the State of the State or the Republican response. We will talk with local and area lawmakers following the speech for news stories on KVOE and KVOE.com.
