Millions in Sprint state income tax credits expire as key bill fails

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Sprint piled up $100 million in Kansas income tax credits that expired after a bill extending a key development incentive failed to win legislative approval.

The telecommunications company told lawmakers it had amassed $108 million in income tax credits when it built its world headquarters in Overland Park, but it wasn’t able to use them as it struggled to turn a profit.

The company had only been able to use $8 million of its tax credits, leaving about $100 million to expire March 31.

Sprint lobbied . . .

SSJ

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