FINANCIAL HELP IS NOW ON THE WAY FOR SMALL BUSINESS OWNERS IN KANSAS, SPEIFICALLY FOR THOSE WHO DIDN’T RECEIVE MUCH HELP FROM THE GOVERNMENT DURING THE HEIGHT OF THE PANDEMIC. KANSAS PUBLIC RADIO REPORTS THAT SMALL BUSINESS OWNERS CAN RECOUP SOME OF THEIR COVID-19 PANDEMIC LOSSES THROUGH A PROGRAM ESTABLISHED BY THE RETAIL STOREFRONT PROPERTY TAX RELIEF ACT, PASSED IN THE FINAL DAYS OF THE KANSAS LEGISLATURE’S 2022 SESSION AND SIGNED INTO LAW BY GOVERNOR LAURA KELLY IN JUNE.
THE LAW EARMARKS $50 MILLION IN FEDERAL COVID TAX DOLLARS FOR PARTIAL PROPERTY TAX REFUNDS TO RETAIL BUINESSES FORCED TO CLOSE OR CUT OCCUPANCY, DURING THE PANDEMIC. BUSINESSES WITH PANDEMIC-RELATED LOSSES IN 2020 AND 2021 ARE ELIGIBLE FOR UP TO $10,000, $5,000 FOR EACH YEAR. THE KANSAS DEPARTMENT OF REVENUE WILL START PROCESSING REFUND APPLICATIONS IN OCTOBER. REVENUE SECRETARY, MARK BURGHART, SAYS THE AGENCY IS PUTTING THE FINISHING TOUCHES ON A ONE-PAGE APPLICATION THAT BUSINESS OWNERS WILL COMPLETE ONLINE.
A DATE HAS’NT BEEN SET FOR THE START OF APPLICATIONS, BECAUSE THE AGENCY IS STILL TESTING ITS WEBSITE.
