Tax incentives to assist aviation sector businesses in recruiting highly skilled talent, beginning in the 2022 tax year.

Kansas law exempts the property tax on commercial and industrial machinery and equipment purchased or transferred into Kansas after June 30, 2006. The personal property tax exemption continues each year under the law.

This personal property tax exemption is unique and offers significant savings each year to companies. Savings will depend on the fair market value of the property, depreciation, the local mill levy rate and whether all equipment qualifies for the property tax exemption. The exemption can cover such items as: computers, furniture, office equipment, business machinery and manufacturing and warehouse equipment.

State law allows a 100% property tax abatement for ten (10) years on real property if industrial revenue bonds are utilized or it qualifies under the state Constitution, which allows companies that manufacture articles of commerce, conduct research and development or store goods or commodities sold in interstate commerce to receive a property tax abatement. Tax abatement on real property is offered by the city or county where the property is located.

Sales Tax and Revenue (STAR) Bonds are a financing tool that allows Kansas municipalities to issue bonds to finance the development of major commercial, entertainment and tourism projects. The bonds are paid off through the sales tax revenue generated by the development.
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Kansas has a variety of sales tax credit and exemption programs available that offer significant savings to companies.