KASEA Legislative Update for Feb. 17, 2017

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Legislature Passes Comprehensive Income Tax Bill
The House and the Senate have passed a comprehensive income tax bill, HB 2178, which is anticipated to raise $590 million in FY2018. The question now: “Will the governor veto it?” The governor has long threatened to veto any legislation that rolls back his signature 2012 tax cuts, most especially the non-wage pass through income. Download complete report on budget, “turnaround” week and informational meetings.