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KS HB2308
Bill
Status
2/5/2025
Primary Sponsor
Commerce, Labor and Economic Development
Click for details
AI Summary
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Creates the Aviation and Innovative Manufacturing in Kansas Act offering tax incentives to companies in aircraft assembly, electric/hydrogen vehicle manufacturing, sustainable aviation fuel production, and related industries that invest at least $250,000,000 and hire a minimum of 250 new employees at 100% of county median wage within five years
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Provides a refundable tax credit of up to 10% of qualified capital investment (automatically 10% for projects outside metropolitan counties of Douglas, Johnson, Sedgwick, Shawnee, or Wyandotte), paid in equal portions over at least five years
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Allows qualified companies to retain up to 100% of Kansas payroll withholding taxes for employees earning at or above county median wage for up to 10 years
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Offers up to $5,000,000 per project in reimbursement for employee training and education expenses at Kansas community colleges or technical colleges, plus sales tax exemptions for facility construction costs
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Establishes a "Kansas First" procurement incentive providing up to $1,000,000 for every $20,000,000 in goods/services purchased from Kansas companies (capped at $5,000,000 annually and three claims per company), with agreements required by December 31, 2027
Legislative Description
Enacting the aviation and innovative manufacturing in Kansas act to attract businesses establishing a headquarters or engaged in aircraft assembly, electric or hydrogen-powered motor vehicle production, and other specified industries to Kansas by offering companies meeting certain employment and investment requirements an investment tax credit, retention of a percentage of total payroll tax, reimbursement of eligible employee training and education expenses and a sales tax exemption for construction costs.
Last Action
House Hearing: Tuesday, March 4, 2025, 1:30 PM Room 346-S
3/4/2025