Incentives

Community Improvement District

Under Kansas Statute KSA 12-6a29 cities may create districts that help to fund community improvement. The Unified Government has done so through Community Improvement Districts (CID).

A CID is an area where businesses pay an additional sales tax (typically 1% or less) or a special assessment that funds improvements within that district. An example of a recent CID can be found under "success stories" with the 39^th and Rainbow development project.

• Economic Development Incentives Report(PDF, 25MB)

Economic Development Exemption

Article 11. Sect. 13 of the Kansas Constitution allows the counties of Kansas to grant exemptions of ad valorem taxes (property taxes) for business with a lifetime of up to ten years. There are certain qualifications these businesses must meet. The property (real or personal) must be used exclusively for manufacturing articles of commerce, conducting research or development, or storing goods sold or traded in interstate commerce.

• Tax Abatement Policy(PDF, 212KB)

• Tax Abatement Application(PDF, 313KB)

Industrial Revenue Bonds

Industrial Revenue Bonds (IRBs) are used in Kansas to finance the acquisition and construction of various industrial, commercial, and industrial properties under K.S.A. 12-1740 et seq on behalf of private businesses or non-profit agencies. IRB’s require a governmental entity (the Unified Government) to act as the "Issuer" of the bonds, who will hold an ownership interest in the property for as long as the IRBs are outstanding. The businesses gain several benefits with IRB's, including the possibility of tax exemption.

• Tax Abatement Policy(PDF, 280KB)

• Industrial Revenue Bonds Application(PDF, 254KB)

• Annual Claims Employment Analysis Report(PDF, 99KB)

Neighborhood Revitalization Act

Explore Neighborhood Revitalization Act (NRA)

Sales Tax Revenue Bonds

Sales Tax Revenue (STAR) Bonds the Unified Government the opportunity to issue bonds to finance the development of major commercial, entertainment, and tourism areas and use the sales tax revenue generated by the development to pay off the bonds. The most popular example of the issuance of STAR Bonds by the Unified Government is the Village West development in Western Wyandotte County.

• STAR Bonds Overview & FAQ(PDF, 47KB)

Small Business

Explore Small Business

Tax Increment Financing

A Tax Increment Financing (TIF) District allows the Unified Government to use its power of eminent domain (i.e. condemnation) to acquire property needed for a development project and to use the funds generated by the tax increment (new property taxes generated by the project) in the project.

TIF Districts may exist for up to twenty years per project. In accordance with Kansas Laws, these funds may only be used for TIF-eligible expenses, which include but are not limited to:

• Land acquisition and relocation (of families).
• Public improvements (curbs, sidewalks, streets)
• Site preparation (demolition)