Guv Kelly Signs STAR Bond Legislation To Steal Chiefs & Royals

And so . . .

Here's a life lesson for campaign 2024 . . .

So many progressive & conservative politicos were far more concerned with biz poaching and corporate handouts than offering working-class tax relief.

The basics . . .

(Governor) Kelly approved a bill centered around tax cuts that moves Kansas from three personal income tax rates to two, and it cuts the highest rate from 5.7% to 5.58%. Kansas also will stop taxing retirees’ Social Security benefits instead of taxing the entire amount once someone earns more than $75,000. The state also will double an income tax credit for child care expenses.

The measure also provides a 14% cut in the tax paid by banks, savings and loans and other financial institutions instead of the corporate income tax. That mirrors past cuts for other businesses.

Of wider regional interest, Kelly signed the STAR Bonds bill that has been the center of attention surrounding talks of the Kansas City Chiefs and Kansas City Royals exploring future stadium sites.

Read more via www.TonysKansasCity.com link . . .

Kansas Governor Laura Kelly signs tax cut, STAR Bonds package

Kansas Governor Laura Kelly announced Friday morning that she signed a pair of bills following a special session at the Statehouse in Topeka.