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SB 169 - Establishes Individual Tax Rate of 4.75% - Kansas Key Vote

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Title: Establishes Individual Tax Rate of 4.75%

Vote Smart's Synopsis:

Vote to pass a bill that establishes an individual tax rate of 4.75%.

Highlights:

 

  • Establishes an individual tax rate of 4.75% regardless of filing status for 2024 tax year and all tax years thereafter for all resident individual (Sec. 1).

  • Specifies the tax shall be in an amount equal to 4.75% of the Kansas taxable income that is in excess of (Sec. 1):

    • $10,450 for married individuals filing joint returns; and

    • $5,225 for all other individuals.

Full Bill Text

Title: Establishes Individual Tax Rate of 4.75%

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