Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Panel backs rural investment tax credit proposal, with administrative clarifications urged
Summary
House Bill 25-41 would create a Kansas Rural Business Growth tax credit program to certify private investment in rural funds, capped at $7.5 million per year in insurance premium credits; supporters said it channels capital to underserved rural businesses, while the Department of Commerce urged clearer rural definitions and stronger administrative safeguards.
A House committee on Feb. 20 heard proponent and neutral testimony on House Bill 25-41, which would establish a Kansas Rural Business Growth Program Act to attract private capital to rural communities by certifying investments that generate insurance premium tax credits.
The reviser summarized the bill: rural funds would apply to the Department of Commerce for certification; a $5,000 nonrefundable application fee would apply; certifications could be granted or denied within the department’s statutory review window; total credits would be limited to $7.5 million per year; credits would be nonrefundable,…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
