State Organizations and Networks
- Kansas Business Tax Income Tax Exemptions: Income tax exemptions for certain non-wage business incomes of Partnerships, Limited Liability Corporations, Limited Liability Partnerships, Sole Proprietorships and Subchapter-S Corporations that have elected at the Federal level to be taxed as a pass-through entity.
- Kansas High Performance Tax Incentive (HPIP): Provides up to four potential benefits:
- A 10% income tax credit for eligible capital investment that exceeds $50,000 at a company’s facility, with a “carry forward” that can be used in any of the next 16 years in which the qualified facility re-qualifies for HPIP
- A sales tax exemption to use in conjunction with the company’s eligible capital investment at its qualified facility
- A training tax credit of up to $50,000
- Priority consideration for access to other business incentive programs
- Promoting Employment Across Kansas (PEAK): Allows for-profit qualified companies that are creating net new jobs in Kansas to retain or receive quarterly funds for 95 percent of the payroll withholding tax for up to a period of 10 years for the new “PEAK-eligible jobs” that are paying at or above county median wage. A not-for-profit company that qualifies as a headquarters and is approved by the Secretary of Commerce is also eligible for benefits providing all other program criteria is met.
- Inventory Tax Exemptions: All merchants’ and manufacturers’ inventories have been exempt from property taxes in the State of Kansas by constitutional amendment since 1989.
- Kansas Industrial Training Program (KIT): May be used to assist firms involved in both pre-employment and on-the-job training. Pre-employment training may be used to allow the company and prospective employees an opportunity to evaluate one another before making employment commitments. Examples of eligible expenditures include instructor salaries, curriculum planning and development, travel, materials, supplies, textbooks, minor training equipment and certain training facility costs. To be eligible, a company must add at least one net new position at an average wage of $9.50 per hour.
- Kansas Industrial Retraining Program (KIR): Job retention tool that helps employees of restructuring companies who are likely to be displaced because of obsolete or inadequate job skills and knowledge. Eligible industries include basic enterprises that are restructuring operations through incorporation of new technology, diversification of production or the development and implementation of new production activities. At least one current employee must be trained to qualify for assistance.