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House Committee of the Whole advances HB 2096 to ease carryforward rules for Kansas housing investor tax credits
Summary
House Bill 2096, intended to let buyers of Kansas housing investor tax credits use credits starting in the tax year they were first issued (preserving the full five-year carryforward), was reported favorably by the Committee of the Whole and recommended for passage; the bill carried no fiscal note and saw no committee opposition on record.
House Bill 2096, carried to the floor by Representative Hoheisel, would allow buyers of the Kansas housing investor tax credits to use those credits beginning in the tax year the credits were first issued rather than the tax year in which the credits were transferred. Proponents on the House floor said the change ensures buyers receive the full five-year carryforward period and is intended to make credits more attractive, encouraging greater investment in rural housing projects.
Representative Hoheisel presented the bill in the Committee of the Whole, explaining the carryforward reduction that occurs under current law when credits are not sold in the year they are acquired. The presenter said there was no fiscal note and no opposition in committee. Representative Sawyer Clayton was recognized and indicated support from the floor.
A motion by Representative Hoheisel to report HB 2096 favorably for passage was agreed to by voice vote in the Committee of the Whole. Later, the Committee of the Whole report recommending that HB 2096 be passed was read on the House floor and the House adopted the committee report, advancing the bill.
The transcript does not include a roll-call tally for final passage on the House floor for HB 2096 in the segments cited; the record shows the Committee of the Whole recommended passage and the House adopted that committee report during the session.
