tax incentive

The proposed project at the corner of 119th Street and Renner Boulevard centers around an 18-acre, "ultra accessible" amusement park, a 5,000-seat multi-sport complex, and a hotel.

Mac Properties will receive a 15-year tax incentive after approval from the Planned Industrial Expansion Authority. Midtown residents and Kansas City Public Schools criticized a tax break for a development that doesn't include affordable housing, while Mac and supporters said it could ease housing pressures and bring new life to the area.

A New York developer plans to renovate several historic buildings into apartments and office space, in addition to new construction. The city has provided millions in tax breaks and financing to make the project possible.

Advocates say homelessness in Kansas is mainly caused by a lack of affordable housing, not issues like mental health. Efforts to increase housing stock have built thousands of new units, but it’s not enough, and some communities oppose new developments.

Missouri Gov. Mike Parson says he's not worried about Kansas' effort to poach the Kansas City Chiefs and Royals. But he says Missouri will put together its own offer, if the teams make information public beforehand about their proposed stadium locations and costs.

STAR bonds, or sales tax and revenue bonds, pay for tourist attractions and then use the sales taxes collected at those attractions to pay off the construction debt. But Kansas has a mixed record on STAR bond projects, and the state has never used them to subsidize an NFL or MLB team before.

De Soto, Kansas, was selected by the company Panasonic as the site of its $4 billion electric vehicle battery plant in 2022, bringing 4,000 new jobs to the region. Now, just over one year away from the plant's planned opening, numerous public and private infrastructure developments are well underway in preparation.

The set of tax credits, which Gov. Mike Parson mentioned during his State of the State address, gained broad bipartisan support. But the legislation is likely to be opposed by members of the far-right Missouri Freedom Caucus.

The Salem Republican was behind bipartisan legislation that boosts the Child Tax Credit and provides business tax incentives. While Rep. Emanuel Cleaver voted to pass the measure, other Democrats like Rep. Cori Bush contend it was too slanted toward corporations.

Indigenous grassland once dominated much of Kansas. A new program, backed by corporate beef buyers, is teaming up with ranchers to preserve what's left of the rare ecosystem. Plus: A Missouri representative is working on bipartisan legislation to expand the Child Tax Credit as well as business tax breaks.

The credit is designed to encourage small businesses to offset costs for their employees and get money shaved off their state tax bill as a reward, but advocates say the Kansas hasn’t done a great job spreading the word.

The Salem Republican has taken criticism from both parties for his work on the Tax Relief for American Families and Workers Act. In addition to expanding the Child Tax Credit, the bill includes significant business incentives.