Friday, March 9, 2012
Senate Republican leaders are rolling out a proposal to create job growth in Kansas in manufacturing and bioscience industries.
The plan announced Friday includes targeted incentives for companies to build plants, produce goods and ship them out of Kansas. Companies would pay income taxes only on the portion of their sales that would occur inside Kansas.
The other portion would allow bioscience companies relocating to Kansas to be exempt from paying income taxes. It builds on the state's efforts to create jobs through investments by the Kansas Bioscience Authority.
Seventeen GOP senators have signed on to the proposal, including Senate President Steve Morris of Hugoton, Vice President John Vratil of Leawood and Majority Leader Jay Emler of Lindsborg.
Hearings on the proposal are scheduled in the Senate tax committee.