Wichita, Kansas offers a pro-business environment focused on attracting and growing businesses. The state of Kansas has long been known for its business-friendly, low-tax climate and offers a variety of benefits for companies that relocate or expand here.
Kansas Tax Quick Facts
Kansas has the 13th lowest unemployment insurance tax rate in the nation per the Tax Foundation 2021 State Business Tax Climate Index.
Business machinery and equipment newly purchased, leased, or moved to Kansas is exempt from property tax.
Commercial-industrial machinery and equipment are exempt from property tax.
Kansas workers' compensation rates are about 32% below the national average.
Plus, the state DOES NOT levy the following taxes:
Corporate franchise tax
Business inventory tax
Kansas' corporate tax rate is 7% to 4% of Kansas' taxable net income plus 3% surtax (2011) on taxable net income in excess of $50,000. Only the proportion of net income generated within the state is subject to Kansas income tax.)
Property taxes on all purchased business equipment receive 100% tax abatement
Commercial property taxes equate to approximately 2.9% of property values in Wichita
Residential property taxes equate to approximately 1.34% of home values in Wichita