Kansas Lawmakers Back Tax Breaks for $4 Billion Mystery Investor

Hoping to land a mysterious $4 billion corporate investment and 4,000 new jobs, the Kansas Legislature has hastily approved an ambitious economic development bill designed to attract large capital investments and phase out corporate income taxes.

The Senate voted 31-9 on Wednesday to approve S.B. 347, creating the Attracting Powerful Economic Expansion Program. The measure won support in the House on Tuesday by a vote of 80-41. The bill now heads to Gov. Laura Kelly (D), who has been leaning on the Legislature to quickly approve a tax incentive package to attract an unnamed business promising to make ...