Kan. could get some revenue bump from fiscal cliff

advertisement

Posted: 12/11/2012

TOPEKA, Kan. (AP) - Kansas officials acknowledge that the state could gain some revenues if the federal government goes over the "fiscal cliff" but they say the boost isn't likely to come close to offsetting any potential problems.

The state's income tax codes are largely tied to the federal tax codes. If President Obama and Congress can't reach an agreement to avoid automatic tax increases and spending cuts, some tax changes will result in Kansans paying more in taxes to the state.

Republican Gov. Sam Brownback's administration had no firm revenue estimates Tuesday. Spokeswoman Sherriene (shuh-REEN') Jones-Sontag said the administration is not preparing for a boost in tax revenues.

State Sen. and Topeka Democrat Laura Kelly said economic problems caused by going off the fiscal cliff outweigh any revenue boost.
 

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Comments
advertisement
 
  • Stay Connected

Send us a News Tip.

Send us a News Tip.

Send us a News Tip.
Twitter

Send us a News Tip.
Facebook - 41 Action News

Send us a News Tip.
Facebook - 38 the Spot!

Send us a News Tip.
Community Calendar