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The Rural Opportunity Zones program facilitates population growth in rural Kansas communities by offering tax relief and student loan reimbursement. Qualified individuals can receive Kansas state income tax abatements and student loan reimbursements.
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Facilitates the population growth of rural Kansas communities in 73 designated counties through the use of tax relief and student loan reimbursement. Qualified individuals will receive Kansas state income tax abatements and student loan reimbursements. Rural Opportunity Zone Program
Establish residency in a ROZ on or after July 1 2011 after having lived outside the state of Kansas for 5 or more years Earned less than $10,000 in Kansas source income prior to establishing residency Maintain residence for the entire taxable year the tax credit is claimed Income Tax Abatements
Establish residency in ROZ county after the County opts to participate in the Student Loan Assistance of the ROZ program Must have obtained an associates, bachelors, or post-graduate degree Individual must have a current outstanding student loan balance Student Loan Reimbursement
Student loan payments will be in equal shares over a maximum term of 5 years Annual payments will be equal to 20% of the outstanding loan balance up to a maximum of $15,000 ROZ counties will provide 50% of the payment with the state providing a 50% match Student Loan Reimbursement
Employers in Rural Opportunity Zone (ROZ) Counties will be able to “sponsor” specific ROZ applicants ROZ can be utilized as a recruitment tool by employers Employer-Sponsorship
Employers must agree to pay for 5 years of matching payments. County must notify commerce of employer sponsorship and receive approval. Employer/ROZ candidate must complete appropriate application form. Requirement of Employer Sponsorship
Lease of living quarters or ownership of a home in the ROZ county & One of the following: Acceptance or offer of employment in the county Proof of current employment in the county Registration of vehicle in the county Proof of voter registration in the county Kansas Driver’s License showing residency Required ROZ Documents: Residency