Leavenworth (city) — Governor Laura Kelly today ceremoniously signed Senate Bill 1, the comprehensive, bipartisan tax cut package, in Leavenworth. The bill responsibly lowers taxes for Kansas residents while ensuring the long-term fiscal health of the state.
“This comprehensive tax cut package provides long overdue relief to all Kansas residents,” Said Governor Laura Kelly. “We are putting more money back into their pockets while ensuring we can continue to fully fund our schools, roads and bridges and other essential services.”
Governor Kelly signed Senate Bill 1 in June, which provides Kansas residents with nearly $2 billion in tax relief over the next five years. The bill cuts property taxes by increasing the residential property tax exemption to $75,000, saving residential property owners more than $236 million over five years.
The law saves Kansas retirees $152 million in the first year alone by eliminating state taxes on Social Security benefits. In addition, the law reduces income taxes while increasing the standard exemption and the child and dependent care tax credit.
“This bipartisan tax bill provides Kansas residents with significant property tax relief and supports our seniors by eliminating the state tax on Social Security income once and for all,” said Kansas State Senator Jeff Pittman, District 5. “I am proud to have worked across party lines to pass this fiscally responsible tax plan that will benefit all Kansans while ensuring our state budget remains solvent over the next five years.”
Photos of the signing ceremony are available for media use:
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