Enacting the Kansas rural business growth program act, providing a premium tax credit to incentivize capital investment in rural areas and establishing a program to be administered by the secretary of commerce for the purpose of incentivizing such investment.

Summary

The bill would let investors claim a state tax credit for money they put into certified rural investment funds, which must then invest the money in small businesses located in rural Kansas. It targets rural investors, qualified rural funds, and eligible businesses with fewer than 250 employees, aiming to generate jobs and tax revenue in underserved areas. The program would be run by the Kansas Department of Commerce and includes reporting and compliance rules.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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