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

SB 72 allows Kansas housing investors to transfer unused tax credits to other taxpayers. Previously, investors could carry forward unused credits but could not transfer them to others. Now, investors can sell or give these credits to any taxpayer (even non-investors), who can apply them against their own Kansas income tax liability starting from the year the original investment was made. This applies retroactively to credits issued since 2022 and affects both original investors and new transferees. The bill adds no restrictions on how many times credits can be transferred.