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Bill > HB2304


KS HB2304

KS HB2304
Requiring local governments to report certain local economic development incentive program information to the secretary of commerce, defining such programs, requiring the secretary of commerce to post such information on the economic development incentive program database maintained by the secretary and requiring certain search result presentation and report formats.


summary

Introduced
02/05/2025
In Committee
03/17/2025
Crossed Over
02/25/2025
Passed
03/27/2025
Dead
Signed/Enacted/Adopted
04/10/2025

Introduced Session

2025-2026 Regular Session

Bill Summary

AN ACT concerning economic development; relating to government transparency; requiring local governments to report certain local economic development incentive program information to the secretary of commerce; defining such programs; requiring the secretary of commerce to post such information on the economic development incentive program database maintained by the secretary; requiring certain search result presentation formats, a comprehensive report and a summary report; amending K.S.A. 2024 Supp. 74-50,226 and 74-50,227 and repealing the existing sections.

AI Summary

This bill requires local governments to report detailed information about their economic development incentive programs to the Kansas Secretary of Commerce, creating a comprehensive public database with transparency requirements. The bill expands the definition of "economic development incentive programs" to include various local initiatives like community improvement districts, tax increment financing, business improvement districts, and other economic development tools that provide more than $50,000 in annual incentives. Local governments will be required to provide specific information about these programs, including recipient details, incentive amounts, qualification criteria, and program goals, which will be stored in a searchable online database accessible to the public. Starting July 1, 2025, providing this information will be a condition for local governments to offer economic development incentives, and recipients will be required to agree to share their information. The Secretary of Commerce must update the database annually, create comprehensive and summary reports, and ensure the website allows users to search and filter information by program, county, recipient, and year. The bill also includes provisions for protecting certain confidential information and allows the Secretary to charge a small administrative fee to maintain the database.

Committee Categories

Business and Industry, Government Affairs

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Commerce, Labor and Economic Development (House)

Last Action

House Approved by Governor on Tuesday, April 1, 2025 (on 04/10/2025)

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