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KS HB2304
Bill
Status
4/10/2025
Primary Sponsor
Commerce, Labor and Economic Development
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AI Summary
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Local governments must report economic development incentive programs exceeding $50,000 in annual value to the Kansas Department of Commerce, with information for programs starting before July 1, 2025 due by July 1, 2026 (or July 1, 2028 for certain program types), and new programs reported within 45 days of agreement execution
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Covered local incentive programs include community improvement districts, tax increment financing, business improvement districts, transportation development districts, industrial development bonds, and any quantifiable incentive such as grants, loans, land acquisition, or workforce training
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The Department of Commerce must maintain a searchable public database allowing users to search by incentive program, county, and recipient name, with the ability to generate both comprehensive reports and summary reports showing total incentives awarded, years claimable, and amounts claimed per year
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Annual summary reports must be provided to the House Committee on Commerce, Labor and Economic Development and the Senate Committee on Commerce by January 31 each year, covering the most recent three years of incentives claimed and total committed funds
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The Secretary of Commerce may impose an administrative fee of 1% of the total incentive amount (capped at $1,000) on recipients to cover database administration costs
Legislative Description
Requiring local governments to report certain local economic development incentive program information to the secretary of commerce, defining such programs, requiring the secretary of commerce to post such information on the economic development incentive program database maintained by the secretary and requiring certain search result presentation and report formats.
Last Action
House Approved by Governor on Tuesday, April 1, 2025
4/10/2025