Sales tax gradually going away on groceries in Kansas
Good news for those buying employees food or snacks in Kansas: The governor has signed HB 2106, a bill designed to eliminate the state’s sales tax on groceries by 2025.
The sales tax will phase out in stages. It’ll decrease from the current level of 6.5% to 4% by Jan. 1, 2023. Then, in 2024, the tax will be 2%. Finally, the sales tax will be 0% in 2025.
Be aware: Not all sales tax is going away. Although the state sales tax is disappearing for groceries, localities in the state will still be allowed to tax groceries. Also, prepared meals will still be taxed, though items like fruit and baked goods are subject to the decrease.
- Share on
Free Training & Resources
White Papers
Provided by Anaplan
White Papers
Provided by UJET
Further Reading
Any business owner who paid employee salaries or health benefits during COVID-19 restrictions will be waiting a while longer for a tax cred...
Many businesses are hesitant to spend big bucks on capital improvements or new equipment due to inflation, high interest rates and economic...
The IRS is about to put all of the the funding, personnel and technology advantages it now enjoys to use. Count on an upswing in audits of ...
No matter where entrepreneurs decide to start a business, they face a variety of taxes and regulations that cut into the bottom line from t...
Wealthy investors are about to lose a tax loophole that IRS allowed for years. The tax cops say its new policy and enforcement will net bil...
President Biden is calling for wealthy Americans and corporations to pay more in taxes. The president outlined a number of changes he belie...
