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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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In September 2022, the Kansas City Council approved a tax break program for homeowners on the Westside who saw their home values skyrocket. So far, 53% of all homeowners have signed up for the program, which cuts property taxes to a percentage of their income and, for some, freezes it at that level for 25 years.
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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.
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Will a divisive deal at the airport push Kansas City to update its 10-year-old development strategy?Kansas City last passed an overarching development policy in 2014. Officials say priorities — and the city's needs — have changed since then.
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Companies can claim a tax credit of $1,500 for each paid intern or paid apprentice they hire up to $9,000. Crucially, the tax credits only apply to newly created positions.