WebHigh-Performance Incentive Program Rewarding Kansas manufacturers that grow, relocate and invest in employees Does your company pay above average wages, invest in its … WebThe High Performance Incentive Program (HPIP) is aimed at retaining high performance Kansas firms and attracting new high quality firms to Kansas. All firms must meet specific wage and training levels. To satisfy the training requirement, a firm must invest 2% of total wages paid in employee training, or it must participate in KIT, KIR, or ...
www.kansas.gov
WebThe HPIP program was enacted in 1993 with the intent of retaining Kansas' existing high performance businesses, encouraging investment in worker training and education, and spurring the attraction of new, high quality firms to the state. ... The incentives offered under the program are limited to manufacturers, export oriented service sector ... Web18 rows · Jul 1, 2024 · Enhancing the high performance incentive program by decoupling the KIT and KIR workforce training programs and by providing for the transferability of the … diagram skyscrapercity
Kansas High Performance Incentive Program Credits
WebApr 15, 2024 · SB 65 – New improvements and updates to the High Performance Incentive Program (HPIP). Companies will no longer need to go through the Kansas Industrial … WebJan 24, 2024 · A recent audit of economic development “incentive” programs by the Kansas Legislative Division of Post Audit found that — while incentives may generate positive returns for developers — they do not generate enough tax revenue to cover their costs.. Post Audit evaluated five of the Kansas Department of Commerce’s major economic incentive … The High Performance Incentive Program (HPIP) provides tax incentives to qualifying employers who pay above average wages, along with having a robust commitment to teach skills development for their workers. HPIP provides a 10% tax credit that is eligible for capital investment of at least $50,000 at … See more To qualify, a company must: 1. Be a for-profit company subject to state taxes; 2. Pay wages exceeding the average wage standard (as compared to other similar firms in the same … See more (per worksite, unless a Complex of Buildings) 1. First time certifications – $750; or 2. Re-certifications – $250; or 3. One page carry-forward only – $0. See more diagrams net download