← All Bills
SB269: Providing that future income tax and privilege tax rate decreases be contingent on exceeding revenue estimates and retaining a certain amount in the budget stabilization fund.
Passed BothSenate
Introduced
In Committee
Passed Chamber
Passed Both
Signed
Plain-Language Summary
This bill makes future income tax and privilege tax rate decreases dependent on exceeding revenue estimates and keeping a certain amount in the budget stabilization fund. This means that if state revenue exceeds projections, taxes could be lowered. If not, taxes would remain the same.
Who This Affects
All Kansans who pay income tax or privilege taxes may be affected by this bill. Those who rely on government services funded by these taxes will also be impacted.
Key Provisions
[object Object]
AI-generated summary · verify with full bill text
Timeline
Introduced
Wednesday, February 12, 2025
Last Action
House Motion to override veto prevailed; Yea: 87 Nay: 37
Apr 9, 2025
Sponsors
No sponsors listed.
Track This Bill
Get email alerts when this bill has new action.
Advertisement