Kansas senators are studying what it would take to send a so-called “windfall” back to state taxpayers. The price tag could hit $400 million over three years.
The federal tax cut of 2017 will have some Kansans paying more in state taxes.
Republican Senate President Susan Wagle is in a hurry to pass legislation that would apply to tax returns being filed now.
“If we don’t pass this bill, backdate this bill, Kansas individuals, families and businesses will all have a tax increase this year,” Wagle says.
Democratic Senator Tom Holland is concerned the plan to give that money back would lead to budget deficits.
“We can’t afford this unless we do something drastic to our budget," Holland says. "We have to fund our schools. We have make pension payments. We have to fund critical services.”
A Senate committee could vote on a tax bill as soon as Thursday.
Stephen Koranda has more: