Skip Navigation
 

Notices

Governor Kelly Announces More than $8M to be Invested in Digital Opportunities Governor Laura Kelly announced today that Kansas is receiving $8.2 million to begin implementing the Kansas Digital Equity (DE) Plan, which recently received federal approval. This announcement solidifies the state’s commitment to transform the landscape of high-speed internet connectivity and digital opportunity across Kansas. Nominations Open for 2024 Minority, Women Enterprise Development Awards Today Lieutenant Governor and Department of Commerce Secretary David Toland announced a call for nominations for the 2024 Minority Enterprise Development (MED) Week Awards. These annual awards are one way the agency acknowledges and observes the growing impact that minority- and women-led companies have on their communities and the Kansas economy. Governor Kelly Announces KMW to Invest $105M in Sterling, Create 251 New Jobs in Kansas Governor Laura Kelly today announced that KMW, a precision manufacturer of agricultural front loaders, backhoes, and other attachments, will invest $105 million to construct a new North American headquarters and state-of-the-art production facility in Sterling. The venture will create 251 new jobs, resulting in a local workforce of 485. Commerce Celebrates National Community Development Week The Kansas Department of Commerce is joining other organizations and communities across the state in commemorating National Community Development Week. The annual event, which this year is April 1-5, shines a spotlight on the transformative impact of community development initiatives and collaborative efforts that drive positive local change.  View All

Menu

Business Regions Made in Kansas Our Department Publications Initiatives & Incentives Transparency Database About Us Notices Contact
Back
Back

Angel Investor Tax Credit Applications Open for 2019

Feb 01, 2019

Share this post:

Topeka, Kan. – Applications are now being accepted for companies seeking investment through the Kansas Angel Investor Tax Credit (KAITC) program for 2019. The program offers Kansas income tax credits to qualified individuals who provide seed-capital financing for emerging Kansas businesses engaged in development, implementation and commercialization of innovative technologies, products and services.

The KAITC Program is administered by the Kansas Department of Commerce and designed to bring together accredited angel investors with qualified Kansas companies seeking seed and early stage investment. The purpose of the Kansas Angel Investor Tax Credit act is to facilitate:

  • The availability of equity investment in businesses in the early stages of commercial development.
  • Assist in the creation and expansion of Kansas businesses, which are job and wealth creating enterprises.

Applications for certification will be accepted only for Kansas businesses in the seed and early stage rounds of financing.

Companies must meet the following criteria to be certified as a Qualified Kansas Business:

  • The business has a reasonable chance of success and potential to create measurable employment within Kansas.
  • In the most recent tax year of the business, annual gross revenue was less than $5,000,000.
  • Businesses that are not Bioscience businesses must have been in operation for less than five years; bioscience businesses must have been in operation for less than 10 years.
  • The business has an innovative and proprietary technology, product, or service.
  • The existing owners of the business have made a substantial financial and time commitment to the business.
  • The securities to be issued and purchased are qualified securities.
  • The company agrees to adequate reporting of business information to the Kansas Department of Commerce.
  • The ability of investors in the business to receive tax credits for cash investments in qualified securities of the business is beneficial, because funding otherwise available for the business is not available on commercially reasonable terms.
  • Each applicant must sign a Qualified Company Agreement with the Kansas Department of Commerce.

Certification of companies must meet mandates established by Kansas statute to allow accredited Angel Investors to receive the Kansas Angel Investor Tax Credit. This year, the application fee has been reduced from $750 to $500.

Applications for companies seeking investment are accepted from February 1st, 2019 through August 31st, 2019.


en_USEnglish