Today, August 8, Governor Laura Kelly ceremonially signed Senate Bill 1, the bipartisan comprehensive package, in Leavenworth. The bill reduces taxes for Kansans while ensuring the state’s long-term fiscal stability.

In June, Governor Kelly signed Senate Bill 1, granting nearly $2 billion in tax cuts to Kansans over the next five years. The bill increases the residential property tax exemption to $75,000, resulting in over $236 million savings for property owners during that period.

The bill also provides $152 million in savings for Kansas retirees in its first year by eliminating state taxes on Social Security income. In addition, it lowers income taxes, increases the standard deduction, and expands the Child and Dependent Care Tax Credit.

“This comprehensive tax cuts package provides long-overdue relief for all Kansans,” Governor Laura Kelly said. “We’re putting more money back into their pockets while ensuring we can continue fully funding our schools, roads and bridges, and other essential services.”