tax abatement

The Fortune 500 company Fiserv wants to lease out two existing buildings at the former Sprint campus, with plans to employ 2,000 employees. It's requested what amounts to a roughly 40%, 10-year property tax rebate.

Opponents to the proposed tax cuts have expressed concern about effects on local and state services. The fiscal note on HB 903 estimates an impact of over $900 million on local government funds.

Kansas City’s new streetcar has spurred the construction of more than 1,400 new apartment units along Main Street since 2017. These are some of the highlights, including historic renovations and new buildings.

The new Pennway Point entertainment district, which makes use of space that sat empty for years as industrial storage, is already making some neighbors in the Westside neighborhood uneasy. Developers are building the project without using tax money, but say they plan to seek incentives for the years ahead.

Chicago-based Mac Properties was seeking tax incentives from the Kansas City Area Transportation Authority for a $100 million apartment and retail project in Midtown with no units designated as "affordable." City Council rejected a similar request last year.

The Keystone is Washington County's biggest source of property taxes for schools and other local government, but the company didn't pay for 10 years.

The state entered an agreement with Integra Technologies to provide $300 million of incentives for the company to build the plant and create 2,000 new jobs in Wichita. But the deal still hinges on federal funding.

City estimates show Kansas City Public Schools missed out on $45 million in tax revenue last year because of tax breaks for developers and businesses — and that amount has only been growing over the last five years.

KCATA's development arm aims to create walkable, mixed-use neighborhoods with easy access to public transit. But some Kansas City leaders are concerned about the agency's use of tax incentives — and lack of affordable housing requirements.

Critics say that the streamlined tax incentive process under Ordinance 220701 would prevent Kansas City residents from providing input on developments that could affect their children’s schools or their own cost of housing.

De Soto, Kansas, will be the home of a new $4 billion Panasonic plant to make batteries for electric cars. Officials promise the plant will create 4,000 new jobs and bring thousands of new residents to the region, but it took a lot of tax incentives to land the deal.

State officials announced that Panasonic Energy chose Kansas for the plant because of its tax rates and taxpayer incentives.