POPULATION: 2,764,075 (Dec. 2006)

LABOR FORCE: 1,481,314 (Dec. 2006)

Right to Work: Yes

TRADITIONAL INDUSTRIES: Aviation, agriculture/food processing, printing and publishing, fabricated metal products, machinery, oil & gas

EXPANDING INDUSTRIES: Bioscience, warehouse/ distribution, customer service centers, back office, miscellaneous manufacturing

COLLEGE GRADUATES: (Age 25 and over) 30.4%

BASIC BUSINESS TAXES:
Corporate Income Tax: 4 percent of net income plus a surtax of 3.35 percent on income in excess of $50,000

Corporate Franchise Tax: The Kansas Franchise Tax will be phased out over five years and the tax will be repealed altogether in 2011; beginning in 2007, the exemption threshold to pay a franchise tax will be increased from $100,000 to $1 million of net work; the rate would be reduced from the current $1.25 per $1,000 of shareholder net worth to $0.9375 in 2008, $0.625 in 2009, and $0.3125 in 2010, and then repealed in 2011; the maximum amount of franchise tax is $20,000

Sales and Use Tax: 5.3 percent state rate on gross receipts from sales or leases of tangible personal property and certain services; cities and counties may collect an additional maximum of 1 percent.

Property Tax: Counties assess and administer the tangible property tax; each taxing district makes its own levy within the limits set by state statute. Residential property is taxed at 11.5 percent of fair market value and commercial and industrial property is taxed at 25 percent.

BUSINESS INCENTIVES:
 Inventory tax exemption
Industrial Revenue Bonds (IRBs)
Sales tax exemptions
High Performance Incentive Program
Job and investment corporate income tax credits
Work force training programs
Financing programs
Property tax exemption on machinery and equipment