Kansas offers a variety of incentives for businesses and investors. Some advantages of locating in the state include:
- Kansas has no inventory tax or franchise tax.
- Kansas cities or counties do not impose income or earnings taxes on personal or corporate income.
- Kansas does not impose a franchise tax
- Kansas exempts the property tax on commercial and industrial machinery and equipment purchased or transferred into Kansas after June 30, 2006.
- At the state level, it may be possible to take advantage of tax incentives, grants, workforce training programs and more.
The High Performance Incentive Program provides tax incentives to employers that pay above-average wages and have a strong commitment to skills development for their workers. This program recognizes the need for Kansas companies to remain competitive and encourages capital investment in facilities, technology and continue...
Kansas Certified Development Companies (CDC) help businesses access the numerous loan programs available from a variety of sources. These loan packages match the business' financial need with the source of funds, providing small business customers the best combination of rates and terms possible.
Each CDC ha...
The Kansas Industrial Retraining program is a job retention tool that helps employees of restructuring companies who are likely to be displaced because of obsolete or inadequate job skills and knowledge.
To participate, a company must retrain at least one existing position at an average wag...
The KIT program may be used to assist firms involved in job creation. Training can include subjects that provide knowledge and specific skills necessary for job entry including instruction on the company’s own production equipment on the plant floor or on similar machinery in ...
Qualified Private Activity Bonds (PABs) are federally tax-exempt bonds. Under the federal volume cap, Kansas has a total 2018 bond allocation of $311,375,000 for this purpose. The types of bonds qualifying for such tax-exempt status are:
Exempt facility bonds
Qualified mortgage bonds
Qualified veterans’ mortgage bonds
Qualified small issu...
The Board of Tax Appeals (BOTA) Liaison provides instruction and technical assistance to parties interested in property tax abatement. In 1998, the Kansas Legislature adopted K.S.A. 79-213, which authorizes the Kansas Department of Commerce to provide aid to businesses and governmental entities applying for economi...
A special kind of TIF – Sales Tax and Revenue (STAR) Bonds – was created by the Kansas Legislature. STAR Bonds are used to assist the development of major entertainment or tourism destinations using the sales tax revenues generated by associated retail development. STAR Bond...
Sales Tax Revenue (STAR) Bonds provide Kansas municipalities the opportunity to issue bonds to finance the development of major commercial, entertainment and tourism areas and use the sales tax revenue generated by the development to pay off the bonds.
The Kansas Capital Multiplier Loan and Venture Funds are programs that provide matching funds through a partner network to eligible businesses in communities across Kansas. Funding is provided through the United States Treasury via the State Small Business Credit Initiative (SSBCI).