POPULATION: 2,775,997 (Dec. 2007)

LABOR FORCE: 1,514,215 (June 2008)

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) 31.6%

BASIC BUSINESS TAXES:
Corporate Income Tax: 4 percent of net income; in addition, net income in excess of $50,000 is subject to a 3.10 percent surtax; this surtax is being reduced to 3.05 percent for tax years 2009 and 2010, and to 3.0 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Corporate Franchise Tax: The Kansas Franchise Tax will be phased out over five years and the tax will be repealed altogether in 2011; beginning in 2007, the exemption threshold to pay a franchise tax wi25 per $1,000 of shareholder net worth to $0.9375 in 2008, $0.625 in 2009, and $0.3125 in 2010, and then repealed in 2011; the maximum amount of franchise tax is $20,000ll be increased from $100,000 to $1 million of net work; the rate would be reduced from the current $1.

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: 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
Work force training programs
Financing programs