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KS HB2757
Bill
Status
2/6/2026
Primary Sponsor
Commerce, Labor and Economic Development
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AI Summary
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Discontinues 15 Kansas income tax credits after tax year 2025, including credits for agritourism liability insurance, abandoned well plugging, alternative fuel vehicles, disabled access improvements, employer health insurance contributions, and swine facility improvements
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Extends the angel investor tax credit program through 2031 (previously set to expire in 2026), maintaining the 50% credit rate with annual caps of $100,000 per business and $350,000 per investor, and increasing total annual credits to $8 million starting in 2026
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Expands high performance incentive program tax credit transfers, allowing qualifying taxpayers to transfer up to 50% of unused credits at any time during the 16-year carryforward period rather than within a single tax year
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Permits S corporations wholly owned by employee stock ownership plans (ESOPs) to transfer up to 100% of their high performance tax credits to one or more transferees
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Eliminates the reduced wage requirement option for rural businesses under the high performance incentive program that would have allowed qualifying at 125% of the nonmetropolitan county average wage instead of 150% of the statewide aggregate average wage
Legislative Description
Repealing or discontinuing certain income tax credit incentives, extending the income tax credit for angel investors and aviation-related employment and providing expanded options in the high performance tax credit program for tax credit transfers and wage requirements for rural businesses.
Last Action
House Committee Report recommending bill be passed as amended by Committee on Taxation
3/9/2026