POPULATION: 2,853,100
LABOR FORCE: 1,502,300
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) 29.5%
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 percent surtax for
2011 and thereafter
Corporate Franchise Tax: The
Kansas Franchise Tax has been
phased out and was repealed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
(Investment Tax Credit)
Promoting Employment Across
Kansas
Wind and Solar Manufacturing
Bond Program
Work force training programs
Financing programs
Personal property tax exemption
Rural Opportunity Zones
Machinery and equipment
expensing deduction
