|SB 0637||Authorizes a two-year tax free zone in Kansas City|
|LR Number:||2672S.01I||Fiscal Note:||2672-01|
|Committee:||Local Government and Economic Development|
|Last Action:||02/15/00 - Hearing Scheduled But Not Heard S Local Government &||Journal page:|
|Economic Development Committee|
|Effective Date:||August 28, 2000|
SB 637 - This act creates a pilot project which will require the Director of the Department of Economic Development to designate a tax free zone within a portion of Kansas City. The area to be designated shall be within a distressed community as defined by law. The city shall identify qualified areas and shall recommend one such area for designation as the economically depressed tax free zone. All retail purchases made during the years 2001 through 2003 within the economically depressed tax- free zone will be exempt from all state and local sales tax.
This act is similar to SB 254 (1999).