|SB 0151||Authorizes a two-year tax free zone in Kansas City|
|LR Number:||0143S.01I||Fiscal Note:||0143-01|
|Committee:||Ways and Means|
|Last Action:||01/21/03 - Second Read and Referred S Ways and Means Committee||Journal page:||S106|
|Effective Date:||August 28, 2003|
SB 151 - 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 2003 through 2005 within the economically depressed tax- free zone will be exempt from all state and local sales tax.
This act is identical to SB 1045 (2002).