In 2012, Kansas undertook a large-scale tax reform that excluded certain forms of business income from individual taxation. In theory, these changes enhance the incentives to undertake more real economic activity such as new business formation or increases in employment or investment. But, the...

The Federal Tax Reform Act of 1986 (TRA) broadened the federal tax base, and consequently increased state tax revenue due to the link between the federal and state tax bases. Additionally, the TRA will also provide more equity in the state individual income tax. Going forward, the TRA will...