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Independence Chapter 100 Industrial Development Bond Incentives
Property and sales tax exemption tool for qualifying large business investment projects.
About this program
Independence may use Chapter 100 industrial development bond structures for major business investment projects, enabling negotiated real and personal property tax abatements and certain sales tax exemptions through city-approved project agreements.
Eligibility
Businesses and developers with qualifying large-scale job creation, capital investment, industrial, office, data, or commercial projects in Independence.
Requirements
- Negotiate project terms with the city before project commitments
- Provide investment, jobs, wages, fiscal impact, financing, and public benefit documentation
- Receive city council approval of bond and incentive agreements