Kansas ended its 2012 legislative session with several major changes to the state’s tax code.
In January, the state income tax will be reduced for all individuals. Owners of LLCs and subchapter S corporations in Kansas will see their state income taxes eliminated completely.
Small businesses in Kansas will pay no state income tax.
MISSOURI HAS NO PLAN
In Missouri, the state income tax rate remains 6%. In Kansas City, where a 1% earnings tax is also levied, families and businesses are on the hook for 7% more than they would pay in Kansas.