KIA&B 2019 January/February 2019 | Page 22

Kansas Leglislative Outlook An inside view of the political issues that will affect our members. Dan Murray KAIA Lobbyist ith the 2019 Session nearly halfway complete (at printing time), the landscape and significant battles have firmed up. Governor Laura Kelly is finding out that striking a balance with the republican-controlled legislature and her policy proposals is difficult, if not elusive. In her “State of the State” and proposed budget, Governor Kelly charted a fairly bold plan to settle a K-12 finance lawsuit, expand Medicaid, and increase state employee salaries. All of these budget priorities were founded on spending down reserves and on using revenue generated by refinancing the state employee pension system, KPERS, reserves. However, elements of the proposed budget have been met with skepticism and downright objection by many in the legislature. Further, proposals to address the so- called “windfall” created by the passage of federal tax cuts have complicated the budget. W Response to Federal Tax Cuts and Jobs Act The relationship between the Governor and many republicans in the legislature has been heated over what to do with the new revenue the state collect if it does not decouple from the federal tax code following the passage of tax cuts by Congress. A tax bill to decouple Kansas tax filings from the federal code has been at the center of this debate. The bill’s proposed changes would result in individuals and businesses keeping income that the state would not have otherwise collected prior to the passage of the federal tax reform. Proponents of the measure argue that the state’s inaction constitutes a tax increase on Kansas individuals and businesses. Opponents, including the Governor, have said the bill is an imprudent tax break for large corporations. The fact is, though, the enactment of the Federal Tax Cuts and Jobs Act increased the standard 20 deduction to $24,000. Because Kansas is coupled with the federal code, individual filers who use the federal standard must also use the Kansas standard deduction of $7,500 and cannot itemize deductions. So those who previously itemized eligible deductions totaling more than $7,500 will be paying more to Kansas than they did the previous year unless the state decouples and allows filers to itemize. This unintended hit to individual taxpayers is estimated to be about $60 million. The corporate collections of income tax that had not been previously collected is about $130 million. But, whether you call it an unintended tax increase or a reckless tax break, the implications for the Governor’s proposed budget are the same. The Governor’s budget, already on shaky ground because of the unlikely passage of her KPERS refinance proposal, would take another hit if this bill were enacted. So, if SB22 passes the House and makes its way to Kelly’s desk, we expect she will exercise her veto powers. And, as it stands, there doesn’t appear to be enough votes to override the veto. So, look for the legislature to sweeten the bill with other items like a reduction in the food sales tax rate to encourage Kelly to sign the bill. KPERS Issues Republican legislative leaders and other stakeholders have continued to condemn Governor Kelly’s plan to reamortize KPERS. Kelly’s plan to refinance the state’s retirement fund would initially raise a few hundred million dollars, but would result in a roughly $7 billion hit to the fund’s long- term liability. The proposal designed to help pay for the administration’s planned budget increases appears to stand little chance in the legislature. Without this plank of her budget, it’s unclear how the priorities will be paid for. KANSAS INSURANCE AGENT & BROKER | January - February 2019 |