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HB2308: Enacting the aviation and innovative manufacturing in Kansas act to attract businesses establishing a headquarters or engaged in aircraft assembly, electric or hydrogen-powered motor vehicle production, and other specified industries to Kansas by offering companies meeting certain employment and investment requirements an investment tax credit, retention of a percentage of total payroll tax, reimbursement of eligible employee training and education expenses and a sales tax exemption for construction costs.
IntroducedHouse
Introduced
In Committee
Passed Chamber
Passed Both
Signed
Plain-Language Summary
This bill aims to attract businesses that produce aircraft, electric or hydrogen-powered vehicles, and other innovative products to Kansas. It offers incentives like tax credits, payroll tax breaks, and training reimbursement to companies that meet certain employment and investment requirements.
Who This Affects
Kansas residents who work in these industries or may be employed by the attracted businesses will benefit from job opportunities and economic growth.
Key Provisions
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Timeline
Introduced
Tuesday, February 4, 2025
Last Action
House Hearing: Tuesday, March 4, 2025, 1:30 PM Room 346-S
Mar 3, 2025
Sponsors
No sponsors listed.
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