House Tax Plan Cheaper Than Thought

New estimates show that a sweeping tax-cut bill approved by the Kansas House would have a smaller impact on state revenues than earlier projected.

Documents prepared by legislative analysts put the cost of cutting income and sales taxes at nearly $334 million in the first year.

Projected over five years, the cost grows to nearly $2.2 billion. The figure includes nearly $776 million from cuts in income taxes, and $1.42 billion from abolishing the sales tax on food.

The documents also show that a separate tax-cut plan endorsed by a Senate committee would cost the state about $105 million in the first year. That plan is a modified version of proposals from Gov. Sam Brownback.