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Payment due - [KS] Senate bill would bring steep tax increases on farmland
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| Contributor | RP |
| Last Edited | RP Feb 17, 2015 09:12am |
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| Category | Proposed Legislation |
| Author | Jason Probst |
| News Date | Friday, February 13, 2015 11:05:00 PM UTC0:0 |
| Description |
The seeds sown two years ago to fundamentally alter Kansas’ time-tested three-legged stool of taxation seemingly have matured, and now the state is reaping a sour crop of shifting tax burden to landowners.
Just two years after then-Speaker of the House Mike O’Neal ramrodded through an elimination of the state’s income tax, we now have Senate Bill 178, which seeks to change the method in which farmland is taxed. The proposal -- the second time in two years such a plan has surfaced in Topeka -- would increase taxes on farmers and ranchers between 169 and 1,000 percent, according to an early analysis by the Kansas Farm Bureau.
That’s more than a tax increase, it’s a crippling and debilitating blow to the cornerstone industry in the state and one that, had we chosen to listen to history, wouldn’t be so surprising. |
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