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Kansas Tax Reform Passes: Outlier No More

Transferring in advance, SB 50 protects little remote suppliers that make simply subservient sales right into Kansas by requiring such suppliers to build up along with pay simply if their gross billings from sales right into Kansas exceed $100,000. SB 50 furthermore leaves out GILTI from tax obligations for tax responsibility years 2021 as well as likewise previous by accepting a modification that makes it possible for 100 percent of GILTI to be subtracted from federal government customized gross revenues (AGI) when determining Kansas strained incomes. The Tax Foundation works hard to provide interesting tax commitment strategy assessment.

Moving forward, SB 50 protects small remote suppliers that make simply subservient sales right into Kansas by requiring such suppliers to collect as well as likewise pay simply if their gross billings from sales right into Kansas exceed $100,000. The Tax Foundation operates difficult to provide interesting tax responsibility strategy assessment.

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