Only accredited angel investors can qualify for the Kansas Angel Investor Tax Credit by investing in Kansas Department of Commerce certified Kansas businesses.
Registered Angels are not guaranteed a tax credit. Tax credits are issued upon an investment into a Commerce certified company.
To be qualified for the Kansas Angel Investor Tax Credit:
Complete the Angel Investor Registration after making a Qualified Investment.
The Kansas Angel Tax Credit is limited to a $4,000,000 Annual Allocation cap in 2007, and a $6,000,000 Annual Allocation cap each calander year through 2016.
The program is first-come, first-served. Investors may not be certain that they will receive an Angel Tax Credit Certificate prior to making a Qualified Cash investment.
There is a $50,000 tax credit limit per company per year. Accredited angel investors can receive a total of $250,000 tax credits per calendar year.
A person who serves as an executive, officer, employee, vendor or independent contractor of a qualified business in which an otherwise qualified cash investment is made is not an angel investor and such person shall not qualify for the issuance of tax credits for such investment.