Providing that future income and privilege tax rate decreases be contingent on exceeding tax receipt revenues.

Where it is in the process

Plain-English Summary

This bill changes how income and privilege tax rates are set in Kansas. If the state collects more tax revenue than expected, after adjusting for inflation and ensuring a certain amount is in the budget stabilization fund, tax rates could be lowered. These potential tax rate reductions would apply to individuals and corporations, with specific limits on how much they can be reduced.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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