This bill amends K.S.A. 2025 Supp. 74-8133 to extend the sunset for the angel investor tax credit from 2026 to 2031. It allows a tax credit of up to 50% of an angel investor's cash investment in qualified Kansas businesses for tax years 2021 and beyond, with specific limitations on the total amount of credits that can be claimed by a single investor and for a single business. The bill also establishes a cap on the total amount of tax credits available for each tax year, increasing incrementally from $4 million in 2007 to $8 million for tax years 2026 through 2031.

Additionally, the bill includes provisions for the transfer of tax credits, allowing investors without a current tax liability to transfer their credits to other individuals. The administration of the act will be funded through fees paid by qualified Kansas businesses and investors. The existing section of K.S.A. 2025 Supp. 74-8133 is repealed, and the new provisions will take effect upon publication in the statute book.

Statutes affected:
As introduced: 74-8133