Budget & Taxes (Tax Credits)

HB 2466 extends Kansas's angel investor tax credit program expiration from 2026 to 2031, allowing eligible investors to claim tax credits for investments in qualified Kansas businesses through 2031. The bill directly affects angel investors who make cash investments in Kansas startups or small businesses and the businesses receiving those investments. It maintains the existing structure where investors can claim up to 50% of their investment as a tax credit, with annual limits (capping at $8 million in total credits per year for 2026-2031). The extension ensures the program remains active without altering credit rates or annual caps, providing continued incentive for early-stage business funding in Kansas.

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.

HB 2156 creates an income tax credit for Kansas taxpayers with dependent children not enrolled in public school. It provides $8,000 per child for enrollment in accredited private schools (or working toward accreditation) and $4,000 for nonaccredited private schools. The credit is capped at $125 million for 2025, with annual adjustments based on prior-year usage, and prioritizes previous recipients if demand exceeds funding. Taxpayers must provide children's Social Security numbers, cannot claim the credit if children receive low-income scholarships, and may receive refunds for excess credit over tax liability.