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HB2318: Providing that future income and privilege tax rate decreases be contingent on exceeding tax receipt revenues.
In CommitteeHouse
Introduced
In Committee
Passed Chamber
Passed Both
Signed
Plain-Language Summary
This bill proposes that future decreases in income and privilege taxes be tied to exceeding tax revenue targets. This means that if tax revenues don't meet certain thresholds, tax rates won't decrease.
Who This Affects
Kansas residents who pay income and privilege taxes would be affected by this change. Specifically, individuals and businesses with higher incomes or privileges may see their tax rates stay the same or even increase.
Key Provisions
• The bill links future tax rate decreases to exceeding tax revenue targets
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Timeline
Introduced
Wednesday, February 5, 2025
Last Action
Senate Hearing: Tuesday, February 24, 2026, 9:30 AM Room 548-S
Feb 23, 2026
Sponsors
No sponsors listed.
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