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Kansas Tax Reform Passes: Outlier No More

Relocating onward, SB 50 secures tiny remote vendors that make just subordinate sales right into Kansas by needing such vendors to accumulate as well as pay just if their gross invoices from sales right into Kansas go beyond $100,000. SB 50 additionally leaves out GILTI from tax for tax obligation years 2021 as well as past by embracing an adjustment that enables 100 percent of GILTI to be deducted from government modified gross revenue (AGI) when identifying Kansas taxed revenue. The Tax Foundation functions tough to offer informative tax obligation plan evaluation.

Relocating onward, SB 50 secures tiny remote vendors that make just subordinate sales right into Kansas by calling for such vendors to gather and also 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 as well as past by taking on an alteration that permits 100 percent of GILTI to be deducted from government modified gross revenue (AGI) when identifying Kansas taxed earnings.

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

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