Providing for transferability of Kansas housing investor tax credits from the year that the credit was originally issued.

HB 2096 allows Kansas housing investor tax credits to be transferred to another person or business, rather than expiring after four years. It directly affects qualified investors (who fund housing projects), project developers, and anyone who receives a transferred credit. The key change is that unused credits can now be sold or given to others to apply against their own state tax liability, with no limit on how many times the credit can be transferred. This replaces the previous rule where excess credits would expire after four years, making the credits more flexible for investors. The bill applies retroactively to credits issued for tax year 2022 and later.