An audit released to the Kansas Legislature this week showed 47 tax credits and two tax refund programs cost the state $669 million in 2007, while 99 sales tax exemptions cost $4.2 billion in 2009.
Kansas has suffered a $1 billion revenue drop and is facing an added $400 million deficit in the next fiscal year. It can ill afford to give away $4.9 billion a year.
The Legislative Division of Post Audit recommends that lawmakers take a close look at tax exemptions and work out a consistent policy to make sure they benefit the state.
Well done to the auditors. We call for a total redo.
Just thinking out loud how many people that you know receive tax exemptions on what they buy?