Gov. Sam Brownback plans to come to Johnson County Thursday morning, and later to Wichita, for ceremonies to sign a tax bill that makes additional cuts to the Kansas income tax rate while continuing a portion of an elevated sales tax.
He’s scheduled a bill-signing ceremony at a construction site in Overland Park at 11 a.m. and at a business in Wichita at 2 p.m. The events are not open to the public.
The Kansas Legislature sent the governor the tax bill early this month at the end of a protacted session in the Capitol. It comes after massive individual income tax cuts enacted last year. The bill passed this year, and to be signed into law by Brownback, cuts income tax rates further over the next five years.
While income tax rates will go down, they’re coupled with other ways to raise reveue. Most notably, it sets the state’s sales tax rate at 6.15 percent. It currently stands at 6.3 percent, but it would have dropped to 5.7 percent without legislative actions.
The tax measure is estimated to bring in a net gain in state revenues of $777 million over the next five years.