Don't HR Alone #16 - KS Income Tax, NV Minimum Wage, MI Interest Rates, and the ACA

June 13, 2017

 

Kansas legislature overrides veto, enacts income tax rate increase — KANSAS — Withholding and Reporting

The Kansas Legislature has overridden Gov. Sam Brownback’s veto of a bill that makes a number of changes to personal income taxes, including repealing the exemption for non-wage business income and increasing personal income tax rates.

 

Personal income tax rates. Under the legislation, personal income tax rates would be increased beginning in tax year 2017 by replacing the two-bracket system with a three-bracket system. For married individuals filing joint returns with taxable income above $60,000 and all other filers with taxable income above $30,000, a top bracket is created with a tax rate of 5.2% for tax year 2017 and 5.7% for tax year 2018 and all tax years thereafter. The bottom brackets are increased to 2.9% (previously, 2.6%) and 4.9% (previously, 4.6%) for tax year 2017 and further increased to 3.1% and 5.25% for tax year