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Thoughts on 2012 Kansas Tax Act (Senate Substitute for HB 2117) PDF Print E-mail
Effective in 2013, major changes take effect in the Kansas Income Tax of individuals, estates and trusts.

In brief, rates are reduced to 3% and 4.9% (3% bracket is 30,000 joint, 15,000 for all others), standard deductions are increased for joint and head of household to $9,000 (single remains at $3,000), approximately 20 credits are repealed, and income from Schedules C, E, and F is excluded from taxable income.

The Act has no impact on 2012 returns.  The Act has little or no impact on C corporations.