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INCENTIVE DESCRIPTION
| State: | KS |
| Incentive Type: | Property Tax Incentives |
| Incentive Title: | Tax Increment Financing |
| Description: | TAX INCREMENT FINANCING allows for real property and other taxes generated by the project to provide for construction of public infrastructure and other improvements. Property taxes can be frozen for up to 23 years. Pilot payments of the abated taxes as well as 50% of sales, utility and other taxes generated from the project are used to reimburse approved project costs. |
| Eligibility Requirements: | Project plans must be approved by the TIF Commission and local communities, can only be used for redevelopment projects as defined by the TIF Act and cost-benefit analysis is required. |
| Geographic Restrictions: | Statewide |
| Granting Authority: | State of Kansas |
| The information which you have reviewed is a summary of the benefits and savings which may be available for your company. To receive a more detailed analysis of valuable opportunities for your company, please forward your contact information to Larry Kramer at lkramer@incentisgroup.com |
Impotant Legal Information Information is provided in summary form and should not be considered legal, investing, or other business advice. Its receipt does not create a relationship between Incentis Group and recipient. All information is believed to be accurate at the time of printing but should not be relied upon, and no decisions should be made, without consulting the full text of the applicable statutes and seeking independent counsel. Incentis Group and FastFacility make no representation as to the eligibility of a company or person to receive any incentives. |
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