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Kansas Tax Reform Passes: Outlier No More

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

Relocating onward, SB 50 secures tiny remote vendors that make just subordinate sales right into Kansas by needing such vendors to accumulate and also pay just if their gross invoices from sales right into Kansas surpass $100,000. SB 50 additionally leaves out GILTI from tax for tax obligation years 2021 as well as past by embracing an alteration 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 tough to offer informative tax obligation plan evaluation. We function hard to make our evaluation as beneficial as feasible.

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