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• Introduced by Rep. Richard Carlson (R) on February 3, 2010, in his role as committee chair, to repeal various state income tax credits or their transferability to other taxpayers. Newly taxable income would include financial support given to someone who would otherwise qualify for state family welfare aid and for contributions to individual developments accounts for lower-income Kansans. Also, the transferability of certain income tax credits would be repealed, including tax credit transfers relating to investments in qualifying Kansas businesses by "angel investors" and for contributions to colleges and universities for facilities repair or maintenance.
  • Referred to the House Taxation Committee on February 4, 2010.
    • Reported in the House on February 18, 2010, recommending the bill be passed as amended. House committee deleted the proposals to repeal individual development account credits, to repeal the transferability of deferred maintenance and community contribution credits, and to repeal of angel investor credit transferability. The committee now proposes that the existing angel investor credit be filed electronically and any transfer of the credit must be conditioned on the taxpayer's prior approval by the Kansas Technology Enterprise Corporation.
    • Amendment offered by Rep. Richard Carlson (R) on March 16, 2010, to repeal the Kansas corporate income tax. The amendment failed in the House (30 to 84) on March 16, 2010. [Vote Details and Comments]
• Passed in the House (122 to 1) on March 17, 2010, to repeal the transferability of certain income tax credits, including tax credit transfers for qualified community programs and contributions to universities for facilities repair or maintenance; allowing transfer of credits for investment in Kansas businesses by "angel investors" only if pre-approved by the Kansas Technology Enterprise Corporation. [Vote Details and Comments]
• Received in the Senate on March 17, 2010.
  • Referred to the Senate Assessment and Taxation Committee on March 18, 2010.