Kansas House prepares to raise bar on disclosure of economic development tax incentives

Kansas House prepares to raise bar on disclosure of economic development tax incentives

A bill now working its way through the Kansas legislature requires the state’s Department of Commerce to provide real-time details about economic development incentive offers on a public website. House Bill 2572 calls for the creation of a database that is searchable online by industry, program and county. “It strengthens our current practices and sets a framework for future analysis and evaluation,” said Rep. Kristey Williams, who supports the bill. “Kansas is falling behind and trailing in the areas of disclosure and criteria, and evaluation of those tax credits.” Concerns expressed by economic developers led to an attempt to amend the bill to require public posting only after a project’s completion. “From a public relations standpoint, it’s a more positive experience for stakeholders,” said Rep. Dave Baker, who offered a motion to send HB 2572 back to committee for further analysis of its possible consequences. Baker’s motion failed.

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