|
JOB EXPANSION AND INVESTMENT TAX
CREDITS |
The Job Expansion and Investment Tax Credit
Program provides business incentives for those
businesses that are ineligible for E-Zone
incentives. The program offers eligible firms
up to a 50% tax credit against the company’s
total tax liability. Unused credits may not
be carried forward.
| CONDITIONS |
BASIC INCENTIVES
All communities |
|
Retail
Firms
*Must
create at least 2 net new jobs
|
JOB CREATION
TAX CREDIT
$100/year per net new job
INVESTMENT
TAX CREDIT
$100 per $100,000 of Qualified
Business Investment
|
| *Credits may be taken
against 50 percent of annual income
tax liability. Credits may be deferred
for up to three years. |
|
QUALIFYING
FOR JOB EXPANSION
AND INVESTMENT TAX CREDITS |
A business must be a revenue producing, taxpaying,
and qualified Kansas facility to receive job
expansion or investment tax credits. Revenue
producing includes the operation and/or management
of enterprises that perform the following:
(1) Assemble, fabricate, manufacture,
or process agricultural, mineral, or manufactured
products
(2) Store, warehouse, distribute, or
sell agriculture, aquaculture, mining, or
manufactured products
(3) Feed livestock at a feedlot
(4) Operate laboratories or other facilities
for scientific, agricultural, aqua cultural,
animal husbandry, or industrial research,
development, or testing
(5) Perform services of any kind
(6) Feed aquatic plants and animals
at an aquaculture operation. Credits may be
deferred for up to three years; however, unused
credits may not be carried forward. |
