POPULATION: 2,802,100
LABOR FORCE: 1,496,900
RIGHT TO WORK: Yes
TRADITIONAL INDUSTRIES: Aviation, agriculture/food processing,
printing and publishing, fabricated
metal products, machinery,
oil and gas
EXPANDING INDUSTRIES: Bioscience, warehouse/distribution,
customer service centers, back
office, alternative energy, miscellaneous
manufacturing, professional
services
COLLEGE GRADUATES: (Age 25 and over) 28.8%
BASIC BUSINESS TAXES:
Corporate Income Tax: 4 percent
of net income; in addition, net
income in excess of $50,000 is subject
to a 3.05 percent surtax; this
surtax is being reduced to 3 percent
for tax year 2011 and thereafter
Corporate Franchise Tax: The
Kansas Franchise Tax will be phased
out over five years and the tax will
be repealed altogether in 2011
Sales and Use Tax: 6.3 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: Commercial and
industrial machinery and equipment
are exempt from property tax
by state law; for real property,
counties assess and administer the
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
Sales tax exemptions
High Performance Incentive Program
Job and investment Corporate Income Tax Credits
Promoting Employment Across
Kansas
Wind and Solar Manufacturing
Bond Program
Work force training programs
Financing programs
Personal property tax exemption
