Date post: | 21-Jan-2016 |
Category: |
Documents |
Upload: | jessie-mckinney |
View: | 216 times |
Download: | 0 times |
Rural Opportunity Zones
2011 Kansas Legislature
• SB 198 – 47 Counties then amended to 50
• Providing tax abatement for out-of-state persons moving into state
• Amended to allow loan repayment for in-state persons who move into ROZ counties
Two Incentives
– Student Loan Repayment– Up to a maximum of $15,000 paid over the
course of 5 years (20% of maximum eligible balance each year)
– Income Tax Waiver– A credit against an individuals entire Kansas
income tax liability for up to 5 taxable years
Student Loan Qualifications
– Move to a participating ROZ county
– Degree from an accredited institution
– Outstanding student loan balance
Income Tax Credit Qualifications
– Move to one of the 50 ROZ counties
– Must have lived outside the state for the 5 years immediately prior to moving
– Must have earned less than $10,000 in Kansas-Source Income in each of those 5 years
To Date…
571 Applications
208 from out of state
44 of 45 counties
1.19 applications per day
2826
9
19
6
5
32
2
2
4
10
5
4
3
9
3
13
7
6
1
1
5
3
1
3
45
5
22
31
3
1
Applications
Marketing
• Alumni groups
• Reaching out to current residents
• News Stories
• YRC Trailer wraps
• Google adwords
• Facebook ads
Local Promotion
Occupations
Income
*Average student debt: $24,979
Education
ROZ Factor in Decision
Applicant Concerns*
Housing – 64%
Jobs – 50%
Access to healthcare – 11%
Recreation Opportunities – 5%
*Applicants that had not yet moved to a ROZ county
Chris [email protected](785) 296-6815Fax (785) 296-37761000 SW Jackson St., Suite. 100Topeka, KS 66612-1354