Kansas SB72 allows transferability of housing investor tax credits from the year they were originally issued.
Kansas SB72 amends the Kansas housing investor tax credit to allow transferability of credits from the year they were originally issued. The bill specifies that any credit acquired by transfer is subject to the same limitations as the original credit. The transferee assumes all rights and restrictions of the transferor. The bill also outlines the allocation of tax credits based on the population of the counties where the housing projects are located. The aggregate amount of tax credits that can be issued each year is capped at $13,000,000, with provisions for carrying forward unused credits.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.