POPULATION: 2,900,000
LABOR FORCE: 1,482,005
RIGHT TO WORK: Yes
TRADITIONAL INDUSTRIES:Aviation, agriculture/food processing,
printing and publishing,
fabricated metal products,
equipment and machinery, oil
and gas
EXPANDING INDUSTRIES: Oil and gas, bioscience, logistics/
distribution, customer
service centers, back office,
alternative energy, manufacturing,
professional services
COLLEGE GRADUATES: (Age 25 and over) 29.8%
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
percent surtax for 2011 and
thereafter. Effective tax year
2013, the non-wage business
income for subchapter S corporations,
limited liability corporations,
limited liability partnerships,
and sole proprietorships
will be exempt from income tax
in Kansas. Individual income
tax rates reduced as well.
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 for construction,
remodel, equipment,
component parts, and items
consumed in production
High Performance Incentive
Program (Investment Tax Credit)
Promoting Employment Across
Kansas (financing via withholding
tax retention)
Wind and Solar Manufacturing
Bond Program
Work force training programs
Financing programs
Research tax credit
Personal property tax exemption
Rural Opportunity Zones
Machinery and equipment
expensing deduction
