Title: Establishes Incentives for Certain Businesses in State
Signed by Governor Laura Kelly
Title: Establishes Incentives for Certain Businesses in State
Vote to concur with House amendments and pass a bill that establishes incentives for certain businesses in the State.
Establishes Attracting Powerful Economic Expansion Act (Sec. 1).
Specifies “facility” to mean factory, mill, plant, etc. (Sec. 1).
Expands duties, powers of Secretary of Commerce (Sec. 1).
Establishes Attracting Powerful Economic Expansion Program, to be administered by Secretary (Sec. 2).
Authorizes Secretary, Program to provide incentives such as investment tax credits, payroll reimbursement, employee training reimbursement, sales tax exemptions, employee relocation reimbursement (Sec. 2).
Requires qualified firms to commit investments of at least $1 billion in qualified business facility (Sec. 2).
Establishes Attracting Powerful Economic Expansion Kansas Residency Incentive Fund administered by Secretary (Sec. 14).
Amends State income tax schedule (Sec. 15).
Specifies Act shall take effect after publication in Kansas Register (Sec. 18).
Title: Establishes Incentives for Certain Businesses in State
Vote to amend and pass a bill that establishes incentives for certain businesses in the State.
Establishes Attracting Powerful Economic Expansion Act (Sec. 1).
Specifies “facility” to mean factory, mill, plant, etc. (Sec. 1).
Expands duties, powers of Secretary of Commerce (Sec. 1).
Establishes Attracting Powerful Economic Expansion Program, to be administered by Secretary (Sec. 2).
Authorizes Secretary, Program to provide incentives such as investment tax credits, payroll reimbursement, employee training reimbursement, sales tax exemptions, employee relocation reimbursement (Sec. 2).
Requires qualified firms to commit investments of at least $1 billion in qualified business facility (Sec. 2).
Establishes Attracting Powerful Economic Expansion Kansas Residency Incentive Fund administered by Secretary (Sec. 14).
Amends State income tax schedule (Sec. 15).
Specifies Act shall take effect after publication in Kansas Register (Sec. 18).
Title: Establishes Incentives for Certain Businesses in State