Kansas lawmakers draft new plan to raise taxes to fix budget - KCTV5

NEW DETAILS

Kansas lawmakers draft new plan to raise taxes to fix budget

Posted: Updated:
Kansas Senate Assessment and Taxation Committee Chairman Les Donovan, left, R-Wichita, follows a discussion of tax issues during a meeting of GOP senators, Saturday, June 6, 2015, at the Statehouse in Topeka, Kan. (AP Photo/John Hanna) Kansas Senate Assessment and Taxation Committee Chairman Les Donovan, left, R-Wichita, follows a discussion of tax issues during a meeting of GOP senators, Saturday, June 6, 2015, at the Statehouse in Topeka, Kan. (AP Photo/John Hanna)
TOPEKA, KS (AP) -

Kansas legislators have drafted a new plan for raising taxes to close a budget shortfall that's similar to one the Senate already has rejected.

The plan agreed to Sunday by three Senate and three House negotiators would raise $423 million during the fiscal year that begins July 1. That's more than enough to balance the budget.

The plan would increase the state's sales tax to 6.55 percent from 6.15 percent and boost the cigarette tax by 50 cents a pack to $1.29.

It would raise $24 million during the next fiscal year by raising taxes on business owners. More than 330,000 business owners and farmers don't have to pay income taxes on their profits under a 2012 policy.

The Senate rejected a plan with those three elements Saturday.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly
KCTV 5 News

Online Public File:
KCTV  KSMO

Powered by WorldNow CNN
All content © 2017, KCTV; Kansas City, MO. (A Meredith Corporation Station) . All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.