ROELAND PARK – Governor Laura Kelly released three ‘Axing Your Taxes’ plans on Monday to save Kansans more than $500 million over the next three years, according to a statement from her office.
The comprehensive plan makes key campaign promises, including immediate calls for a ‘tax cut’ on groceries and the elimination of sales taxes on diapers and hygiene products. -health for women; create an annual sales tax holiday for school supplies; and cut Social Security taxes for retirees.
“I am pleased to present a plan that taxes Kansas families and retirees in a way that keeps the state’s economy and budget strong,” said Governor Laura Kelly. “By cutting taxes on groceries and meat, school supplies and Social Security, this plan will put money back in the pockets of Kansans and create real savings for those who really need it.”
Last spring, Governor Kelly signed the “Ax the Food Tax” bill to phase out the 6.5% sales tax on groceries, one of the highest in the nation. countries, starting January 1, 2023. If passed, the first part of them. The ‘Axing Your Taxes’ plan would replace the gradual reduction and immediate elimination of taxes – as well as state sales taxes on other necessities such as diapers and sanitary products to of women, which is not included in the 2022 bill. Click here to view the bill.
The second part of the ‘Axing Your Taxes’ plan will create a three-day zero percent tax holiday on school supplies, personal computers, educational materials and art supplies, every August. The holiday will provide relief for families and teachers preparing to return to school and keep Kansas retailers competitive with neighboring states. Click here to view the bill.
Currently, Kansans earning less than $75,000 a year pay no state income tax on Social Security income. But when they earn an extra dollar — including from investments and life insurance policies — all Social Security earnings are subject to state taxes. The third part of Governor Kelly’s ‘Axing Your Taxes’ plan would smooth that gap so that no Kansan making less than $100,000 pays full Social Security taxes. See the bill here.
These tax cuts are made possible by Governor Kelly’s responsibility and fiscal leadership during his first term as governor.
“I call on legislators in both parties to support these bills and provide financial assistance to families and retirees across our great state,” he said.