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Tax Holiday

 

The City of Haysville, through its economic development strategic planning process, has created the Tax Holiday Rebate Grant Program.  As funds allow, this program is designed to provide property tax relief from the City portion of the tax, to property owners who wish to expand, relocate or start a new business within designated Target areas. Target areas are inside the City limits of Haysville and defined as: Broadway (US 81) Corridor; Main Street Corridor; Meridian Street Corridor; Grand Avenue Arterial; public and private Industrial Parks.  Only the incremental increase in the property taxes, as determined by Sedgwick County, directly attributed to the expansion, relocation or start-up of a new business will be considered for this rebate program.  The amount of the initial increase will be used throughout the three years of the program.  Rebates are available, subject to City Staff review and approval, up to three consecutive years if business operations continue at least at the same level as when the Application was approved.   75% of the City levied portion of the property tax will be rebated after all of year one property taxes have been paid;  50% will be rebated after all of year two property taxes have been paid and 25% will be rebated after all of year three property taxes have been paid.  Delinquent taxes will cause this Program to be null and void. Rebates should be awarded within 30 days of verification from the county taxing authority that all property taxes have been received in full.  Call the Community Development office to discuss your project and obtain an application.

 

Projects may not be funded if the level of direct competition with a business in any Target Area is deemed by City Staff to be detrimental in any way.   Potentially eligible recipients of program assistance must apply for funding assistance, and receive formal approval by action of Haysville City Staff, in advance of expanding, relocating or starting a new business in order to receive reimbursement under the terms of the program. Incentives are designed as “but-for” incentives: “but-for the incentive’s certainty of being approved, as evidenced by formal approval of City Staff, the business could not otherwise justify the total economic risks associated with opening, expanding or relocating a business within a Target Area”.

 

Tax Holiday Grant Application