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Senate committee hears testimony to extend Kansas Angel Investor Tax Credit to 2031
Summary
A Senate Commerce committee heard proponent testimony supporting SB 429, which would extend the Angel Investor Tax Credit sunset to tax year 2031 and cap annual credits at $8 million for 2027–2031; Department of Commerce officials said the program has helped startups statewide and addressed recent audit recommendations.
A Kansas Senate Commerce committee heard testimony on Senate Bill 429 on Feb. 17, which would extend the Angel Investor Tax Credit’s statutory sunset from its current expiration after tax year 2026 to after tax year 2031 and limit annual credits to $8,000,000 for tax years 2027 through 2031.
Amelia Kovar Donahue, assistant reviser, told the committee the bill would amend KSA 74 81 33 to allow unissued credits under the annual cap to be awarded in later years up to 2031 but that transferability and carryforward rules for awarded credits are a separate issue.
Rachel Willis, director of legislative affairs for the…
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