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Home / News & Events / News Articles / Kansas APEX bill to lower Corporate Income Tax in 2023

Kansas APEX bill to lower Corporate Income Tax in 2023

Aug 31, 2022

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On February 10, 2022, Attracting Powerful Economic Expansion (APEX) was signed into law by Kansas Governor Laura Kelly. The Act addressed the unique needs of for-profit companies within targeted industry sectors that invest $1 billion or more in the expansion of their operations or relocation of their headquarters anywhere in the state.

In addition to the specific benefits for the megaproject, the bill also calls for a reduction in state corporate income tax for all businesses in Kansas. Upon the successful location of an APEX project, the corporate income tax in Kansas will be reduced by 0.5%.

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The heart of Lt. Gov. Lynn Rogers’ rural development initiative is the search for a basket of remedies to quality of life challenges eroding communities outside the state’s urban centers. The administration’s new Office of Rural Prosperity intends to grapple with housing shortages, financially struggling hospitals and shuttered businesses on main street. Priorities include boosting […]

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