The bill aims to enhance government transparency regarding local economic development incentive programs by requiring local governments to report specific information to the Secretary of Commerce. It defines various economic development incentive programs, including those administered by the Secretary of Commerce and local government-based programs. The Secretary of Commerce is tasked with maintaining a publicly accessible database that includes comprehensive data on these programs, which must be updated annually. The database will allow users to search for information by program, recipient, and county, and will generate both comprehensive and summary reports detailing the incentives awarded.

Key provisions of the bill include the requirement for local governments to provide information on active economic development incentive programs that offer more than $50,000 in annual incentives, with stricter reporting requirements set to take effect after July 1, 2025. The bill also stipulates that recipients of such incentives must agree to provide necessary information for publication in the database. Additionally, the Secretary of Commerce may impose a small administrative fee on recipients to cover the costs of maintaining the database. The bill repeals existing sections of K.S.A. 2024 Supp. 74-50,226 and 74-50,227, thereby updating the legal framework governing economic development incentives in Kansas.

Statutes affected:
As introduced: 74-50, 45-215
As Amended by House Committee: 74-50
As Amended by Senate Committee: 74-50
Enrolled: 74-50