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Kansas Tax Reform Passes: Outlier No More

Relocating onward, SB 50 secures little remote vendors that make just subordinate sales right into Kansas by needing such vendors to gather and also pay just if their gross invoices from sales right into Kansas go beyond $100,000. SB 50 likewise omits GILTI from tax for tax obligation years 2021 and also past by embracing an adjustment that permits 100 percent of GILTI to be deducted from government modified gross earnings (AGI) when establishing Kansas taxed revenue. The Tax Foundation functions tough to offer informative tax obligation plan evaluation.

Relocating onward, SB 50 shields little remote vendors that make just subordinate sales right into Kansas by calling for such vendors to gather as well as pay just if their gross invoices from sales right into Kansas surpass $100,000. SB 50 additionally omits GILTI from taxes for tax obligation years 2021 and also past by taking on an adjustment that enables 100 percent of GILTI to be deducted from government modified gross earnings (AGI) when establishing Kansas taxed earnings.

Thank You! The Tax Foundation functions difficult to offer informative tax obligation plan evaluation. We function hard to make our evaluation as valuable as feasible.

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