Brief ⁽¹⁾

HB 2219 would amend KSA 2000 Supp. 74-8017 to suspend until the 2003 Legislative Session an existing requirement that Kansas, Inc. prepare an annual report evaluating the cost effectiveness of various economic development income and sales tax incentives.

The bill also would require Kansas, Inc. and the Department of Revenue prior to the 2002 Legislative Session to agree upon procedures regarding the disclosure of tax information and submit whatever proposed changes in law would be necessary as a result of that agreement to the 2002 Legislature.

Background

The original bill would have repealed the statute in question. The House Taxation Committee amendments were suggested by Kansas, Inc. and the Department of Revenue.

1. *Supplemental notes are prepared by the Legislative Research Department and do not express legislative intent. The supplemental note and fiscal note for this bill may be accessed on the Internet at http://www.ink.org/public/legislative/fulltext.cgi