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Kansas Tax Reform Passes: Outlier No More

Relocating ahead, SB 50 secures little 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 likewise omits GILTI from taxes for tax obligation years 2021 and also past by taking on an alteration that permits 100 percent of GILTI to be deducted from government modified gross earnings (AGI) when identifying Kansas taxed earnings. The Tax Foundation functions tough to supply informative tax obligation plan evaluation.

Relocating onward, SB 50 safeguards little 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 surpass $100,000. SB 50 additionally omits 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 revenue (AGI) when identifying Kansas taxed revenue.

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

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