The ghosts of tax debates past were reanimated Tuesday afternoon as the Kansas House Committee on Taxation reconsidered an exemption for limited liability corporations.
In 2012, the Legislature passed and Gov. Sam Brownback signed into law legislation removing taxes on pass-through business income, money that passes from a limited liability corporation to the LLC’s owner.
The result, often touted by Brownback as a success, is that more than 300,000 individuals were exempt from taxes. For the state general fund, that has resulted in a $250 ...