ROUNDUP: Gov. Laura Kelly Cuts Property Taxes, Provides Tax Relief to Kansans Across the State

ROUNDUP: Gov. Laura Kelly Cuts Property Taxes, Provides Tax Relief to Kansans Across the State

Topeka, KS – Last week, Governor Laura Kelly cut taxes for Kansans across the state. Governor Kelly’s tax cuts include property tax exemptions as well as tax credits for teachers, disabled veterans, and other in-demand workers. Governor Kelly has prioritized using Kansas’ $3 billion budget surplus to reduce Kansans’ tax burden, and continues to urge the legislature to send her a bill to eliminate the food sales tax when they return to Topeka.

Here’s what others are saying about Governor Kelly’s tax cuts: 

“In approving the changes to state tax laws, Kelly said she felt the opportunity to provide relief for Kansans was now, while the state experiences its first budget surplus in decades.

“‘Our fiscal responsibility has put Kansas back on track,’ Kelly said. ‘We’ve been able to fully fund our schools, fix our roads and bridges, balance the budget and cut property taxes, providing relief for Kansans.’

“Rep. Adam Smith, R-Weskan, said the measure contains many noncontroversial measures so he was excited to see the governor approve it. In particular, he applauded the property tax relief provided and the homestead exemption for qualifying elderly Kansans.”

 

“Gov. Laura Kelly on Thursday signed a multimillion dollar bipartisan tax cut bill, highlighted by a substantial property tax cut for homeowners. The tax cuts enacted in HB 2239 total about $310 million over three fiscal years. The residential property tax exemption is by far the largest tax cut in the bill, totaling about $134 million in that time span.

“The tax cuts come at a time when state coffers are brimming with surplus revenue. Projections at the start of the legislative session put the surplus at about $3 billion.”

 

“Tax relief is coming to Kansas residents after a bill passed by the Legislature gained the signature of Governor Laura Kelly on Thursday.

“The governor signed House Bill 2239, which cuts over $300 million in taxes over a three-year stretch. More than a third of that comes from increasing the 20-mill residential property tax exemption, used to fund public schools, from $20,000 to $40,000 — creating roughly $134 million in tax cuts just by that step.”

 

“Home and apartment-building owners will get a small break in the property taxes they’ll owe this year and are likely to see small decreases in future years under a measure Gov. Laura Kelly signed into law Thursday.

“The legislation includes a grab-bag of changes expected to cut taxes by $310 million over the next three years. The biggest piece of the savings, about $134 million over three years, goes to owners of residential property.”

 

“Kansas Gov. Laura Kelly signed into law a bill that changes property, sales and income tax laws Thursday. 

“It will also create certain tax exemptions for repairs on agricultural land impacted by natural disaster and tax credits for a variety of education-related expenses and donations. ”

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