State’s incentive plan snags on corporate tax cuts

A corporate income tax measure could be phased out soon with incentives for attracting new businesses being expanded. There is a rush as the state tries to attract a multibillion-dollar project.

By

State News

February 3, 2022 - 10:02 AM

TOPEKA, Kan. (AP) — Kansas could phase out its corporate income tax under a measure that also would expand its incentives for attracting new businesses, and the provision is a problem as lawmakers rush to help the state attract an undisclosed multibillion-dollar project.

The state House Commerce Committee expected to vote today on a bill authorizing hundreds of millions of dollars in incentives for billion-dollar business projects after the Senate approved the measure last week. The Republican-controlled Legislature hopes to wrap up work on the bill…

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