|HB 0040||Relating to Certain Economically Depressed Areas|
|Sponsor:||BLAND||Handling House Bill:|
|Last Action:||01/12/95 - Referred H Commerce Committee|
HB0040 Bland, Mary
P R E F I L E D
HB 40 -- Tax-Free Zone (CORRECTED)
This bill creates as a pilot project a tax-free zone in Kansas City defined by zip code districts. All retail purchases made at commercial establishments in the zone are exempted from state and local sales and use taxes. The project runs from January 1, 1996, to January 1, 1998. The Director of the Department of Economic Development is required to report on the economic impact of the tax-free zone to the Governor and the Legislature in 1997 and 1998.