Posted on Sep 30, 2022
Kansas gets ready to send tax dollars to small businesses hurt by pandemic orders
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Federal money will pay for property tax refunds for some small businesses that lost money in the wake of various efforts to control the spread of COVID-19.
LAWRENCE, Kansas – Tish Cobb figures she lost about $15,000 in the spring of 2020 when state and local health orders aimed at slowing the spread of the coronavirus shut down her hair salon.
“I lost business,” she said, “for eight weeks.”
Subsequent orders that limited the number of customers she could serve also cost her money.
Now, she and other 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 Gov. Laura Kelly in June.
LAWRENCE, Kansas – Tish Cobb figures she lost about $15,000 in the spring of 2020 when state and local health orders aimed at slowing the spread of the coronavirus shut down her hair salon.
“I lost business,” she said, “for eight weeks.”
Subsequent orders that limited the number of customers she could serve also cost her money.
Now, she and other 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 Gov. Laura Kelly in June.
Kansas gets ready to send tax dollars to small businesses hurt by pandemic orders
Posted from kcur.org
Business
Taxes
Posted >1 y ago
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PO1 William "Chip" Nagel
..."Only certain brick-and-mortar businesses are eligible for the refunds. Cobb’s salon, located in downtown Lawrence, qualifies. So do restaurants and other types of small retailers.
But the law excludes a long list of businesses, including grocery stores, pharmacies, liquor stores and service providers. Nonprofits, online businesses and companies that received more than $150,000 in Payroll Protection Loans or other types of federal and state COVID-19 assistance are also ineligible.
“That’s the way it should be,” Cobb said. “It was hard hearing about big companies getting bailouts when I don’t think they were impacted like we were.”
Refund amounts will be based on a businesses’ property taxes and the number of days it was affected by public health orders.
To assist businesses owners who may have incomplete records, the Department of Revenue has created a database of all the orders issued by the state and local governments during the pandemic. It will be linked to the online application form.
Business owners intending to apply for a refund from the state must first register online for a federal ID number. Due to a backlog, Burghart said, that could take some time. So, he’s encouraging businesses to start the process before the state begins accepting refund applications.
“Because,” he said, “we will not be able to accept the application without that number.”
Kansas businesses have until April 15, 2023 to apply for assistance."
..."Only certain brick-and-mortar businesses are eligible for the refunds. Cobb’s salon, located in downtown Lawrence, qualifies. So do restaurants and other types of small retailers.
But the law excludes a long list of businesses, including grocery stores, pharmacies, liquor stores and service providers. Nonprofits, online businesses and companies that received more than $150,000 in Payroll Protection Loans or other types of federal and state COVID-19 assistance are also ineligible.
“That’s the way it should be,” Cobb said. “It was hard hearing about big companies getting bailouts when I don’t think they were impacted like we were.”
Refund amounts will be based on a businesses’ property taxes and the number of days it was affected by public health orders.
To assist businesses owners who may have incomplete records, the Department of Revenue has created a database of all the orders issued by the state and local governments during the pandemic. It will be linked to the online application form.
Business owners intending to apply for a refund from the state must first register online for a federal ID number. Due to a backlog, Burghart said, that could take some time. So, he’s encouraging businesses to start the process before the state begins accepting refund applications.
“Because,” he said, “we will not be able to accept the application without that number.”
Kansas businesses have until April 15, 2023 to apply for assistance."
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