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KS HB2541
Bill
Status
1/26/2026
Primary Sponsor
Taxation
Click for details
AI Summary
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Creates the Kansas Rural Business Growth Program Act, administered by the Kansas Department of Commerce, with applications accepted starting October 1, 2026
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Provides premium tax credits to insurance companies that invest in certified "rural funds," with credits equal to 0% for years 1-2 and 15% for years 3-6 of the capital investment purchase price
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Caps annual tax credits at $7,500,000 per calendar year statewide, with unused credits eligible for 5-year carryforward but no refunds or transfers
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Requires rural funds to invest 100% of capital in qualified investments within 2 years, with at least 80% directed to eligible businesses in rural areas (municipalities under 50,000 population)
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Eligible businesses must have fewer than 250 employees and principal operations in rural Kansas, with maximum investment per business capped at the greater of 20% of fund authority or $6,500,000
Legislative Description
Enacting the Kansas rural business growth program act, providing a premium tax credit to incentivize capital investment in rural areas and establishing a program to be administered by the secretary of commerce for the purpose of incentivizing such investment.
Last Action
House Hearing: Monday, February 9, 2026, 3:30 PM Room 346-S
2/9/2026