The purpose of the Kansas Angel Investors 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.
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 bio-science businesses must have been in operation for less than 5 years; bio-science 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 KDC.
Signed Qualified Company Agreement with the KDC.
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.
Information that will be required when submitting the application:
Proof you are a Kansas company: Articles certified by the Secretary of State
Proof you are headquartered in Kansas (an onsite visit may be conducted)
Complete business plan
Statement on the innovative nature of your product, service or technology: Why are you different?
Statement of potential Kansas economic impact: How many jobs and the type? How many locations? Where will you be located? The impact your presence will have on the community.
Description of the securities offered (sample of the security agreement that will be offered in conjunction with the tax credits)
Current financial statement
Projected financial statement
Your NAICS Code
The amount of tax credits you are wanting and what their use will be
List of all owners with % of ownership and monetary amount invested for ownership
Current management staff with statement of background
Current and projected employee numbers and their work location (paid employees KCNS-100)
Current board of directors and/ or advisors with statement of background
If you have expected investors who are they?
Kansas Angel Groups
Dedicated to the Innovation and Success of Kansas Entrepreneurship
Privacy & Cookies Policy
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.