(June 18, 2024) – Today, the Kansas Legislature met in a 2024 Special Session, called by Governor Laura Kelly, to deal with state tax reform policy. The tax policy in Senate Bill 1 includes:
- Two tax brackets – 5.2 percent and 5.58 percent
- The standard deduction is $8,240 for married, $6,000 for head of household and $3,500 for single
- Personal tax exemption is $18,320 for married, $9,160 for single and $2,320 for dependents
- Exempts the first $75,000 in property taxes from 20 mill property tax for schools
- Eliminates the food sales tax in January as scheduled
- Eliminates income tax for social security income
- Expands the Child Care Tax Credit and dependent care tax credit to 50 percent of the federal allowance
The bill passed the Senate on a vote of 34-4. The bill passed the House on a vote of 121-2.
The House and Senate then took up the Star Bonds legislation in House Bill 2001, designed to provide an avenue for the recruitment of the Kansas City Chiefs and Royals. The legislation passed the House on a vote of 84-38 and the Senate on a vote of 27-8.
Both bills now go to Governor Laura Kelly, who will have the option to sign, veto or allow them to become law without a signature.
The House and Senate legislature will be up for election this summer for the primary on Aug. 6 and the general on Nov. 5. The new legislature is slated to return on Jan. 13, 2025.