Extending the sunset for the angel investor tax credit to 2031.

SB 429 extends Kansas' angel investor tax credit program, allowing investors to claim up to 50% of their cash investment in qualified Kansas businesses as a tax credit, until 2031 instead of 2026. The bill directly affects individual investors and business owners who invest in eligible Kansas startups, with annual limits capping credits at $100,000 per business and $350,000 per investor per year. Key provisions include increasing the annual credit cap from $7.5 million in 2025 to $8 million for 2026 and all subsequent years through 2031, while maintaining the 50% credit rate and carry-forward rules for unused credits. The extension ensures continued tax incentives for early-stage business investments across Kansas without altering the existing credit structure.