Taxation

Goal: Reduce taxes, encourage investment and growth

The Kansas Chamber urges the legislature to avoid increasing the cost of doing business, and will encourage efforts to:

Reduce government spending instead of increasing the cost of doing business through tax increases
Restructure the tax climate regarding corporate and individual income taxes to reduce the volatility in revenues and encourage investment in Kansas
Oppose the sunset or repeal of existing sales tax exemptions on business inputs and professional services
Modify tax incentives to include more flexible investment and job development tax credits with options for cash incentives
Allow expensing of capital investments by giving businesses the option to “expense” or immediately deduct the full cost of capital investment and research and development investments made in the state
Reimburse retailers a percentage of the cost to comply with collecting and remitting sales taxes to the state
Oppose the expiration of the Bush administration’s business tax cuts, which will raise federal income and estate taxes