In this section

Taxes

Business Formation Fees

Corporate Franchise Taxes

Income Taxes - Corporate

Income Taxes - Individual

Property Taxes

Sales & Use Taxes

Unemployment Insurance

Workers' Compensation

Incentives

Advanced Energy

Enterprise Zones

Financing Programs

Foreign Trade Zones

Income Tax Credits

Int'l Trade Incentives

Life Sciences and R&D

Property Tax Exemptions

Sales & Use Tax Exemptions

Training Programs

Utility Incentives

Venture Capital

Taxes and Financial Incentives Profile

Businesses locating within the Kansas City area are eligible for several incentive programs which, at the time of initial investment, offer direct cost reductions. Some of the programs also reduce annual operating costs. Businesses and individuals located in the metropolitan area are also affected by a tax structure that is quite favorable when compared to most regions of the United States.

The purpose of this profile is to provide an introductory overview of the overall tax and financial incentive structure in the bi-state metropolitan area. Included is a summary of state and local business taxes, state-imposed employment costs, and individual income taxes for both the Kansas and Missouri sides of the metropolitan area.

This publication also addresses the wide range of financial incentives provided by state and local government agencies. These include state income tax credits, real and personal property tax exemptions, sales tax exemptions, financing programs, workforce training, and a number of other programs.

 

 

DEFINING THE GREATER KC METRO AREA

Kansas City is a Missouri/Kansas bi-state metropolitan area. All statistical references made to Kansas City Metropolitan Statistical Area (MSA) include the counties of Cass, Clay, Clinton, Jackson, Lafayette, Platte and Ray in Missouri, and Johnson, Leavenworth, Miami and Wyandotte counties in Kansas. The greater Kansas City area also includes the adjoining Lawrence, KS, St. Joseph, MO, and Topeka, KS MSAs, as well as the Atchison, KS, Chillicothe, MO, Ottawa, KS, and Warrensburg, MO areas.