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Fri, Apr 1, 2022 - Supplementary Note.pdf

ccrb_hb2106_01_033122pm.pdf
Preview of Fri, Apr 1, 2022 - Supplementary Note
🔗 Source: kslegislature.org
📊 Size: 91 KB
👤 Author: ds_penner_edward_1
⬇️ Downloads: 55

Summary

HB 2106 would amend law related to food sales tax, reducing the state sales and compensating use tax rate on food and food ingredients from 6.5 percent to 4.0 percent on January 1, 2023, to 2.0 percent on January 1, 2024, and to 0.0 percent on January 1, 2025. "Food and food ingredients" would include bottled water, candy, dietary supplements, soft drinks, and food sold through vending machines, excluding alcoholic beverages, tobacco, and most prepared foods. The bill would also change the percentage of sales tax revenue distribution, providing the State Highway Fund with 17.0 percent of sales and use tax receipts beginning January 1, 2023, and 18.0 percent beginning January 1, 2024, and sunset the food sales tax credit at the end of tax year 2024.

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Description

HB 2106 would amend law related to food sales tax, reducing the state sales and compensating use tax rate on food and food ingredients from 6.5 percent to 4.0...

Technical Information

  • File Format: PDF
  • File Size: 91 KB
  • Pages: 4
  • Language: EN
  • Author: ds_penner_edward_1
  • Total Downloads: 55
  • Last Updated: 1 week ago

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