The Kansas FairTax Act of 2013, HB2355 was introduced in the Kansas House of Representatives on February 13, 2013 by Rep. Arlen Siegfried, last year’s House Majority Leader, current Chairman of the powerful House Federal and State Affairs Committee, and a member of the House Committee on Taxation. Thirty-three members of the Kansas House of Representatives wanted to co-sponsor this bill, indicating that they wanted a full public hearing on this innovative concept as proposed by the FairTaxKC organization. Timing of its publication prevented their names from being listed. The file is 23.8 MB too large to place on this page. Go to www.Kansas.gov to read the bill.
This is the direction that Governor Brownback originally wanted for the State of Kansas, i.e. NO STATE INCOME TAX. This legislation will complete the transition to completely rid Kansas of its dependence on the Federal Income Tax system in only three years. Governors of other states are looking at Kansas as the pioneer in tax reform to promote economic growth. Nebraska, Missouri, Oklahoma, Louisiana, North Carolina, South Carolina, Indiana, Arkansas, New Mexico and others are actively pursuing the NO INCOME TAX revolution.
The Kansas FairTax Act completely eliminates state Corporate Income Tax in 2013, cuts half of the Individual Income Tax in 2014, and completes the removal of state Income Taxes in 2015. Corporations will no longer have to be the tax collectors and will be able to retain and re-invest their earnings in Kansas. Investors in other states looking for a better place to do business will find Kansas the best place to invest their capital. The state will be funded by converting its complex Sales Tax system, with its $Billions in unnecessary tax exemptions, into to a simple, broad-based consumption tax that will promote maximum economic growth. The unique “Prebate” concept pays back the consumption tax, in advance, up to the poverty level for every citizen wanting the prebate benefit, without means testing. In this bill, even the retailers get paid by the state for collecting the tax.
In Iowa, State Senator Jack Whitver has introduced similar legislation: Click Here to Read