Multistate Tax Alert: Kansas Enacts Individual Income Tax Law Changes
On May 22, 2012, Kansas Governor Sam Brownback signed House Bill 2117, implementing a number of significant individual income tax law changes effective for tax year 2013 and years that follow, including:
- Restructured income tax brackets with reduced tax rates
- An increased standard deduction
- A new exemption for non-wage business income
- The elimination of certain tax credits
The attached Tax Alert summarizes these Kansas tax law changes.