Kansas Angel Investor Tax Credit Program

• Program provides up to 50% tax credits to accredited angel investors who invest in qualified Kansas startups • Key eligibility requirements for businesses: - Must be headquartered in Kansas - Must maintain Kansas operations for minimum 5 years (10 years for bioscience companies) - Must apply and receive approval before accepting qualified investments - $250 application fee required • Important dates: - Business applications open: October 1, 2024 - Investor registration period: January 1 - November 30, 2025 - Program closes annually but renews each calendar year • Special notes: - Investments made prior to written approval are not eligible - Investment organizations must demonstrate sole purpose is making investments - Pass-through investments through multiple entities not allowed - All equity owners/benefactors must be accredited individual investors • Program aims to connect Kansas startups with early-stage capital while providing tax incentives to investors