Opening shop in Kansas might be one of the best decisions you ever make for your business. You'll enjoy numerous tax breaks, tremendous financial incentives and a location that truly inspires. You and your business will be proud to call Kansas home.
- 100% property tax exemption on commercial machinery and equipment purchased after June 30, 2006.
- Income tax credits for research and development, new job creation and investment, as well as annual property taxes, taxes paid on machinery and equipment.
- Sales tax exemptions on the purchase of construction labor and materials and facility machinery and equipment.
- Sales tax exemption on personal property that is consumed or becomes a component part in the manufacturing process.
- Property tax abatement on real property of up to 100% for 10 years.
- Manufacturer's and merchant's inventories are exempt from property taxes.
- Industrial Revenue Bonds provide up to 100% financing of land, building and equipment.
- Workforce training grants to train the workforce of existing and new Kansas business.
- Community Development Block Grant for projects in non-metro areas.
- Forgivable loans for project-related costs associated with the establishment or expansion of a business facility.
- Phase out of Kansas franchise tax over next five years.
- Reduction of unemployment insurance rates of 40% to 100% for existing and new employers. For an extensive list of detailed tax incentive information, please visit (link to Commerce site)