Kansas SB536 replaces the high performance tax credit program with a rebate system and caps the maximum rebate.

Kansas SB536 amends the high performance tax credit program by replacing the tax credit with a rebate system. The bill specifies that for investments made in qualified business facilities in Douglas, Johnson, Sedgwick, Shawnee, or Wyandotte counties, a rebate will be issued instead of a tax credit. The maximum rebate is capped at $5,000,000 per qualifying project. The rebate is non-transferable and will be issued by the department between January and April of the year following the year in which the entity would have qualified for the tax credit.

Kansas SB536 replaces the high performance tax credit program with a rebate system and caps the maximum rebate.

Kansas SB536 amends the high performance tax credit program by replacing the tax credit with a rebate system. The bill specifies that for investments made in qualified business facilities in Douglas, Johnson, Sedgwick, Shawnee, or Wyandotte counties, a rebate will be issued instead of a tax credit. The maximum rebate is capped at $5,000,000 per qualifying project. The rebate is non-transferable and will be issued by the department between January and April of the year following the year in which the entity would have qualified for the tax credit.