If enacted, the proposal would let Kansas angel investors claim tax credits for eligible business investments made through tax year 2031.
The proposed text would allow eligible investors to claim credits for investments through tax year 2031. The credit would remain subject to per-business, per-investor, and yearly limits.
The proposed text would allow tax credits for eligible investments made through tax year 2031. The provisions cover angel investors who make cash investments in qualified securities of qualified Kansas businesses. The credit would cover up to 50% of a cash investment in qualified securities of a qualified Kansas business. Credits would be subject to limits of $100,000 per business and $350,000 per investor per year, as well as an overall annual limit. The proposed text covers investments made through tax year 2031. If enacted, it would take effect after publication in the statute book.
No hearings or votes scheduled.