SB 1045 Authorizes a 2-year tax free zone in Kansas City
LR Number:2879S.01I Fiscal Note:2879-01
Committee:Ways and Means
Last Action:01/31/02 - Second Read and Referred S Ways & Means Committee Journal page:S193
Effective Date:August 28, 2002
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Current Bill Summary

SB 1045 - 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 171 (2001).