State lawmakers last week learned that in a Kansas Chamber of Commerce survey of 300 business owners and leaders, a startling 46 percent overall and 32 percent of those in manufacturing said they were unaware that the state eliminated the property tax on new business equipment and machinery last year. Yet 31 percent of those surveyed cited too much taxation as a prime concern. The good news: 77 percent of the businesses that knew about the tax cut said it had encouraged new investment. For one, as Gov. Kathleen Sebelius noted in her State of the State speech: General Motors is making a $200 million investment in its Fairfax plant in Kansas City, Kan., “thanks in large part to the elimination of this tax.”
Maybe business owners are too busy running their businesses to keep up with business news.
Posted by Rhonda Holman
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