This bill amends various sections of the Kansas Statutes to extend tax credits related to contributions to aerospace and aviation educational programs, the Eisenhower Foundation, and the Friends of Cedar Crest Association. Specifically, it extends the eligibility for these tax credits for an additional five years, allowing new credits to be issued or earned until December 31, 2031. The bill also modifies the angel investor tax credit, increasing the minimum amount of credits available for investments in qualified Kansas businesses located in counties with populations of 50,000 or fewer.

Key changes include the deletion of the previous sunset date of December 31, 2026, for these tax credits, now extended to 2031. Additionally, the bill establishes that at least 25% of the total tax credits available each year must be allocated to investors in smaller counties, contingent on sufficient demand. The bill repeals existing sections related to these credits, ensuring that the new provisions take precedence. Overall, the legislation aims to bolster investment in Kansas businesses and educational programs by providing extended tax incentives.

Statutes affected:
As introduced: 79-32
As Amended by Senate Committee: 79-32
{As Amended by Senate Committee of the Whole}: 79-32
Enrolled: 74-8133, 79-32