Search results for: “historic tax credits”
-
Wichita makes case for tax credits
At yesterday’s meeting of the South-central Kansas legislative delegation with government officials, the City of Wichita spent most of its time presenting the case that cuts made to a program of tax credits for historic buildings should be restored.
-
Kansas historic preservation tax credits should not be expanded
The Kansas historic preservation tax credit system should not be expanded beyond its current limit. We must recognize that a tax credit is an appropriation of Kansans’ money made through the tax system. If the legislature is not comfortable with writing a developer a check for over $1,000,000 — as in the case with one…
-
Historic preservation tax credits, or developer welfare?
A Wichita developer seeks to have taxpayers fund a large portion of his development costs, using a wasteful government program of dubious value.
-
Kansas historic preservation tax credits: the hearing
On Wednesday, the Taxation Committee of the Kansas House of Representatives heard testimony on HB 2496, which would expand the historic preservation tax credit program. This program provides tax credits to qualified historic preservation projects. I testified at the hearing, and my written testimony is at Kansas historic preservation tax credits should not be expanded.
-
Union Station TIF provides lessons for Wichita voters
A proposed downtown Wichita development deserves more scrutiny than it has received, as it provides a window into the city’s economic development practice that voters should peek through as they consider voting for the Wichita sales tax.
-
Kansas historic tax credits should end
The Wichita Business Journal reports that without historic tax credits, some redevelopment projects might stop. In other words — the Business Journal isn’t quite so blunt — if taxpayers don’t give developers money, some of their projects might not be economically feasible. Or so the developers say.
-
In Wichita, historic preservation tax credits an inefficient form of developer welfare
As part of the subsidy plan for Douglas Place, a downtown Wichita hotel being proposed, developers plan to make extensive use of historic preservation tax credits to fund their project. This form of developer welfare, besides being inefficient, is largely hidden from public view.
-
Redesigned Naftzger Park likely not only subsidy
The developers of property near Naftzger Park in downtown Wichita will possibly receive millions in other subsidy.
-
Kansas historic preservation tax credits should be eliminated
It’s time to recognize historic buildings for what they are: a premium feature or amenity whose extra cost should be born solely by those who chose to own them or rent them. Supporters of historic buildings tell us that renovating them is more expensive than building new. Likewise, building a home with granite kitchen counter…
-
Kansas historic preservation tax credits audit reveals inefficiency, data problems
Yesterday the Kansas legislative Post Audit Committee received an audit recently completed by the Legislative Division of Post Audit. The audit, titled Kansas Tax Revenues, Part I: Reviewing Tax Credits, revealed that the historic preservation tax credit is not efficient. Further, the Department Revenue is not accurately tracking the cost of the program.
-
Errors in Wichita Union Station development proposal
Documents the Wichita City Council will use to evaluate a development proposal contain material errors. Despite the city being aware of the errors for more than one month, they have not been corrected.
-
Kansas historic preservation building tax credits discussed
Sometimes on blogs people don’t take the time to read comments left to posts. Sometimes those comments provide valuable discussion and illumination of public policy issues. So here I take a moment to elevate a few comments left to a recent blog post.