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Kansas Angel Investor Credit
Extracted from PDF file 2023-kansas-form-k-30.pdf, last modified October 2022Angel Investor Credit
K-30 KANSAS 190018 ANGEL INVESTOR CREDIT (Rev. 7-22) For the taxable year beginning _________________________________ , 20 _______ ; ending _______________________________ , 20 ______ Name of taxpayer (as shown on return) Social Security Number PART A – GENERAL INFORMATION 1. Date the investment was made (mm/dd/yyyy): ___________________________________________ 2. Name of the qualified Kansas business in which the investment was made: _______________________________________________________________________________________________________________________________________________________________________________________ 3. Employer Identification Number (EIN) of the qualified Kansas business in which the investment was made: _______________________________ 4. o Check here if this credit is the result of a transfer of credit from another investor in a qualified business. 5. Name and address of the original investor: __________________________________________________________________________________________________________________________ _______________________________________________________________________________________________________________________________________________________________________________________ 6. Social Security Number (SSN) of the original investor: _____________________________________________ PART B – COMPUTATION OF CREDIT FOR THIS YEAR’S INVESTMENT 7. Total amount of cash investment this tax year. 7. _______________________________ 8. Credit amount issued by the Kansas Department of Commerce. 8. _______________________________ 9. _______________________________ PART C – COMPUTATION OF TOTAL CREDIT CLAIMED THIS TAX YEAR 9. Amount of available carry forward from the prior year’s Schedule K-30. 10. Total credit available this tax year (add lines 8 and 9). 10. _______________________________ 11. Amount of your Kansas tax liability for current taxable after all previously claimed credits. 11. _______________________________ 12. Amount of credit allowable this tax year (enter the lesser of line 10 or line 11). Enter this amount on the appropriate line of Form K-40. 12. _______________________________ 13. _______________________________ PART D – COMPUTATION OF CREDIT CARRY FORWARD 13. Amount of credit to carry forward to next year’s Schedule K-30 (subtract line 12 from line 10). INSTRUCTIONS FOR SCHEDULE K-30 GENERAL INSTRUCTIONS K.S.A. 74-8133 provides a tax credit against the income or premium tax of any angel investor for a cash investment in the qualified securities of a qualified Kansas business. Before an angel investor may be entitled to receive tax credits, such investor must have made a cash investment in a qualified security of a qualified Kansas business. The investment must be made in a business that has been approved by the Kansas Department of Commerce as a qualified business prior to the date on which the cash investment is made. For information and assistance regarding the approval of a qualified Kansas business, visit the Kansas Department of Commerce website at www. kansascommerce.gov/angels or call 785-296-3481. For tax year 2021 and all tax years thereafter the credit is up to 50% of the investors’ cash investment in any qualified Kansas business, subject to the following limitations: • No tax credits will be allowed for more than $100,000 for a single Kansas business or a total of $350,000 in tax credits for a single year per investor who is a natural person or owner of a permitted entity investor. • No tax credits shall be allowed for any cash investments in qualified securities for any year after the year 2026. • The total amount of tax credits shall not exceed $6,000,000 for tax year 2008 through 2022 except that for tax year 2011, the total amount of tax credits shall not exceed $5,000,000. The amount of tax credits shall not exceed the following for the indicated years: • • • • $6,500,000 for tax year 2023. $7,000,000 for tax year 2024. $7,500,000 for tax year 2025. $8,000,000 for tax year 2026. If the amount by which that portion of the credit allowed by this section exceeds the investors’ liability in any one taxable year, the remaining portion of the credit may be carried forward until the total amount of the credit is used. If the investor is a permitted entity investor, the credit provided by this section shall be claimed by the owners of the permitted entity investor in proportion to their ownership share of the permitted entity investor. Subject to certain restrictions this credit may be transferred to another taxpayer. Contact the Department of Commerce for more information. “Angel investor’’ and ‘‘investor’’ mean an accredited investor who is a natural person or an owner of a permitted entity investor, who is of high net worth, as defined in 17 C.F.R. § 230.501(a) as in effect July 1, 2004, and who seeks high returns through private investments in start-up companies and may seek active involvement in business, such as consulting and mentoring the entrepreneur. “Cash investment” means money or money equivalent in consideration for qualified securities. “Permitted entity investor” means any: a) general partnership, limited partnership, corporation that has in effect a valid election to be taxed as an S corporation under the United States Internal Revenue Code, or a limited liability company that has elected to be taxed as a partnership under the United States Internal Revenue Code; and, b) that was established and is operated for the sole purpose of making investments in other entities. SPECIFIC LINE INSTRUCTIONS GENERAL INFORMATION LINES 1 through 6 – Complete the information for the qualified Kansas business and original investor as requested. PART B – COMPUTATION OF CREDIT FOR THIS YEAR’S INVESTMENT LINE 7 – Enter total amount of cash investment made this tax year. LINE 8 – Enter the credit amount issued by the Kansas Department of Commerce. This line should not include any carryforward. PART C – COMPUTATION OF TOTAL CREDIT CLAIMED THIS TAX YEAR LINE 9 – Enter the carry forward amounts available from prior year’s K-30 schedules and enclose a copy of those schedules. LINE 10 – Add lines 8 and 9 and enter the result. LINE 11 – Enter your total Kansas tax liability for the current tax year after all credits other than the credit allowed for investments made during this tax year. LINE 12 – Enter the lesser of line 10 or line 11. Enter this amount on the appropriate line of Form K-40. PART D – COMPUTATION OF CARRY FORWARD CREDIT LINE 13 – Subtract line 12 from line 10 and enter result. This amount cannot be less than zero. Enter this amount on next year’s Schedule K-30. IMPORTANT: DO NOT send any enclosures with this schedule. A copy of the approved Department of Commerce certification form must be kept with your records. If this is a credit that has been transferred, documentation of the approved transfer as provided by the Kansas Department of Revenue must be retained with your records. The Department of Revenue reserves the right to request additional information as necessary. TAXPAYER ASSISTANCE For assistance in completing this schedule contact the Kansas Department of Revenue: Taxpayer Assistance Center Scott Office Building 120 SE 10th Ave PO Box 750260 Topeka KS 66699-0260 Phone: 785-368-8222 Fax: 785-291-3614 Additional copies of this credit schedule and other tax forms are available from our website at: ksrevenue.gov
K-30 Angel Investor Credit Rev. 7-22
More about the Kansas Form K-30 Corporate Income Tax Tax Credit TY 2023
We last updated the Angel Investor Credit in February 2024, so this is the latest version of Form K-30, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form K-30 directly from TaxFormFinder. You can print other Kansas tax forms here.
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TaxFormFinder has an additional 73 Kansas income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form K-4 | Employees Withholding Allowance Certificate |
| Form K-120ES | Corporate Estimated Tax Payment Vouchers |
| Form K-41 | Fiduciary Income Tax |
| Form IA-81 | Claim to Support Withholding Tax Credit |
| Form 1041V | Fiduciary Income Tax Voucher |
View all 74 Kansas Income Tax Forms
Form Sources:
Kansas usually releases forms for the current tax year between January and April. We last updated Kansas Form K-30 from the Department of Revenue in February 2024.
Form K-30 is a Kansas Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Kansas Form K-30
We have a total of eleven past-year versions of Form K-30 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form K-30
K-30 Angel Investor Credit Rev. 7-22
2022 Form K-30
K-30 Angel Investor Credit Rev. 7-22
2021 Form K-30
K-30 Kansas Angel Investor Credit Rev. 7-21
2020 Form K-30
K-30 Kansas Angel Investor Credit Rev. 8-19
2019 Form K-30
K-30 Kansas Angel Investor Credit Rev. 8-19
2018 Form K-30
K-30 Kansas Angel Investor Credit Rev. 10-17
2017 Form K-30
K-30 Kansas Angel Investor Credit Rev. 10-17
2016 Form K-30
K-30 Kansas Angel Investor Credit
2015 Form K-30
K-30 Angel Investor Credit (Rev. 9-13)
2013 Form K-30
K-30 Angel Investor Credit (Rev. 9-13)
2011 Form K-30
Angel Investor Credit K-30 (Rev. 8-11)
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