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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14 Comments
I knew about the tax cut – and I applaud Sebelius for it.
But my municipality must have missed it – because I just received a statement asking me to detail all my new equipment. lol
Here’s how other states do it:
http://www.youtube.com/watch?v=1mJyewrlm-E&NR
No, the other businesses are claiming ignorance because they pocket the money instead of expanding.
PM – …and you know this, how?
I claim that if we cut more taxes for the rich then we will all have brighter days!
The sun comes up the next day, it is bright.
See, tax cuts work!
I don’t, I was being facetious.
Is this a serious post by Rhonda or is she kidding? Ask the eagle’s accountant, it’s not as if business machinery and equipment owners were sent a check. There is a little lag between a bill being passed and when I have to pay my property tax.
I’m having trouble figuring out the point of this post….is this supposed to be some sort of political statement about how this tax cut is worthless because business owners will still complain taxes are too high? Don’t you suppose business owners in Kansas will say taxes are too high until they’re reduced to a level comparable to neighboring states? Kansas is last in the nation in private-sector job growth, and the state should be doing everything it can to encourage businesses to expand and make investments. This is just one step.
PM – ok, you’re forgiven.
PM – you only get the tax break for NEW purchases of machinery. You can’t pocket money without expanding.
Rhonda – GM claims this $200 million investment was a result of the tax break, but the truth is the investment was planned prior to the bill. The bill was amended to make sure GM qualified. They would have invested either way.
Good one fact check!!
Jeebus Rhonda…
“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.”
That isnt too hard to figure out!
They do read what they think is business news. It is just all the Kansas chamber bullshit that they THINK is news. And the ‘mericans for prosperity and the “club for growth” and TABOR crowds.
Businesses in kansas just dont get it that those groups are pushing an agenda, not really publishing “fair and balanced” news.
and J….
“is this supposed to be some sort of political statement about how this tax cut is worthless because business owners will still complain taxes are too high?”
Uh, DUH!!!!!!!!!!!!
“Kansas is last in the nation in private-sector job growth, and the state should be doing everything it can to encourage businesses to expand and make investments.”
Ya know, dude, you fail to make any case here that 1. we have a lack of busines investment and expansion and 2. That kansas taxes are to blame if such a failing exists.
Nice leaps and gymnastics.
…and of course you know I am going to say that this post by Rhonda illustrates what I say all the time.
Businesses RARELY make expansion or location decisions based soley on taxes. They look at the overall cost of doing business in a location. Taxes are just one component.
I think the reason this cut might have gone unnoticed is that it really doesn’t effect us until late this year. I am just now filing my property reports that will determine my tax for next fall. The tax break has to do with equipment I purchased in the last half of 2006.