Prepare for a delightful surprise when you embark on your grocery shopping adventure in the heart of Kansas next year! From January 1, 2024, onwards, the state sales tax on food will undergo a significant reduction, dropping from 4% to a mere 2%, easing the burden on your weekly food expenses.

This tax reduction is a small part of a grand plan to gradually phase out the state’s 6.5% sales tax on grocery food. The first step saw the tax decrease to 4% in 2023, and now it takes another dive to 2%, with the ambitious target of reaching zero by 2025.

Governor Laura Kelly wholeheartedly endorses this tax cut, emphasizing that it will bring much-needed relief to Kansans grappling with the hefty costs of groceries. She proudly announced that Kansans pocketed over £187 million in tax savings on food in 2023, and the savings are projected to surpass £337 million in 2024. That’s a hefty sum of hard-earned money staying put in the wallets of Kansas families.

Before you start planning your celebratory feast, it’s crucial to remember that this tax cut applies solely to groceries. While you’ll be parting with less cash for your weekly food fix, eating out and purchasing non-food items at stores will still be subject to the full 6.5% tax.

Moreover, local sales taxes will remain intact. In Topeka, a local sales tax rate of 1.5% looms, while Shawnee County carries a 1.35% tax, encompassing specific levies for Washburn University and the Gage Park Improvement Authority. Keeping these local taxes in mind is vital when fine-tuning your budget.

But wait, there’s more – alongside the food tax reduction, there’s a 0.5% decrease in corporate income tax on the horizon, spelling great news for businesses statewide.

In essence, these changes spell wonderful news for the good people of Kansas. Not only will they trim their expenses at the grocery store, but the reduction in corporate income tax could pave the way for further economic boons in the future.

So, circle the date on your calendar and brace yourself for some hefty savings as you restock your essential supplies in the coming year. With a little more money in your wallet, you might even treat yourself to something truly extraordinary!