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Minutes for HB2569 - Committee on Taxation
Short Title
Concerning income taxation; doubling the standard deduction for tax year 2018 and all tax years thereafter.
Minutes Content for Wed, Mar 14, 2018
Chairperson Johnson yielded the chair to Vice-Chairperson Phillips who presided over the meeting.
Scott Wells, Senior Assistant Revisor, provided an overview on HB2569 stating the standard deduction in Kansas would double beginning in tax year 2018. Single individual taxpayer from $3,000 to $6,000; married filing status from $7,500 to $15,000 and head of household from $5,000 to $11,000. Mr. Wells stood for questions from the Committee.
Kathleen Smith, Department of Revenue provided an overview on the fiscal impact for HB2569 stating the bill would decrease the State General Fund Revenue by $271.1 million in 2019. The bill is retroactive and the fiscal effect is based on increasing the standard deduction beginning January 1, 2018. The fiscal effect for the following years are: FY2020, $212.3 Million; FY2021, $216. Million; FY2022, $219.6 Million and FY2023, $223.4 Million. Ms. Smith stood for questions from the Committee.
Representative Tim Hodge testified as a proponent to HB2569 stating the federal government has changed their standard deduction and has basically doubled the standard deductions at the federal level. This results in a backdoor tax increase on itemizers here in Kansas unless a change is made (Attachment 1). Representative Hodge stood for questions from the Committee.
John Lee, Tax Simple Center testified as a proponent for HB2569 (Attachment 2). Mr. Lee stood for questions from the Committee.
Chairperson Johnson recognized Eric Stafford, Kansas Chamber who testified as a proponent on HB2569 (Attachment 3). Mr. Stafford stood for questions from the Committee.
Written testimony was submitted as a proponent to HB2569 by Dave Trabert, Kansas Policy Institute (Attachment 4)
Heidi Holliday, Kansas Center for Economic Growth testified as neutral to HB2569 (Attachment 5). Ms. Holliday stood for questions from the Committee.
Hearing closed on HB2569.
