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Enterprise
Zone Tax Benefits
The City
of Excelsior Springs uses enterprise zone tax benefits to facilitate the
expansion of new or existing businesses, by providing state income tax
credits to the business, based on the number of new jobs created and the
amount of new investment created at the qualifying facility. The business
may earn credits based on the facility's new jobs and investment, the
number of zone residents, and "special" employees hired and
trained for the facility. There is a possible income exemption, partial
tax credit refund, and property tax abatement on improvements to real
property, provided certain requirements are met. A facility qualifying
in the Excelsior Springs Redesignated Enterprise Zone may earn credits
for up to seven years.
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