Income-tax cuts will reduce money available for bioscience

Among the little-discussed consequences of the state’s big tax-cut plan is how it will affect the Kansas Bioscience Authority, which gets the money it uses to fund bioscience initiatives from income-tax withholdings at bioscience companies. As they exempt the owners of 191,000 partnerships, sole proprietorships and other businesses from state income taxes, “the tax cuts will reduce the withholding available for bioscience,” confirmed the spokeswoman for Revenue Secretary Nick Jordan, who was an architect of the Kansas Economic Growth Act that created the authority while he served in the state Senate. But the authority has seen the state cap its annual funding over the past four or five years to about $35 million, and the tax bill “shouldn’t have any impact on” that amount of funding, Jordan’s spokeswoman said. Still, if Gov. Sam Brownback and his allies eventually succeed in eliminating the state income tax entirely, the funding stream and goals of the 2004 bioscience law will be undermined.