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SB 347 - Establishes Incentives for Certain Businesses in State - Kansas Key Vote

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Title: Establishes Incentives for Certain Businesses in State

Signed by Governor Laura Kelly


See How Your Politicians Voted

Title: Establishes Incentives for Certain Businesses in State

Vote Smart's Synopsis:

Vote to concur with House amendments and pass a bill that establishes incentives for certain businesses in the State.

Highlights:

  • 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).

Full Bill Text

See How Your Politicians Voted

Title: Establishes Incentives for Certain Businesses in State

Vote Smart's Synopsis:

Vote to amend and pass a bill that establishes incentives for certain businesses in the State.

Highlights:

  • 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).

Full Bill Text

Title: Establishes Incentives for Certain Businesses in State

Committee Sponsors

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