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$580 million over the next 10-15 years, which will be fueled in research, com-
mercialization, and workforce development programs that support the growth of
the state's life science presence.
Seed and Venture Capital Funds
A credit for a portion of a taxpayer's investment in Kansas Venture Capital, Inc.,
Sunflower Technology Venture, LP, or a certified private venture capital company
or local seed capital pool may be claimed against its Kansas income tax liability.
The amount of the credit will be 25 % of the total amount of cash investment.
The amount of credit exceeding the taxpayer's liability in any one taxable year
may be carried forward until the total amount of credit is used.
Angel Investor Tax Credit Program
Tax credits are offered against Kansas income tax liability for accredited investors
making investments in seed and early stage capital financing for emerging Kansas
businesses engaged in the development, implementation, and commercialization of
innovative technologies, products, and agencies.
• The credit is 50 % of the investor's cash investment in the qualified business.
• If the amount of credit exceeds the investor's tax 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.
• There is a $50,000 tax credit limit per company per year. Accredited angel
investors can receive a total of $250,000 tax credits per calendar year.
Further incentives that make Kansas City, MO-KS a magnet for investment
include:
• Its combination of big-city business amenities and small-market ease of living
• One of the fastest growing major job markets in the Midwest
• Lower business and lifestyle costs than most major metros
• A well-educated, extremely productive workforce
• The most geographically central major metro in the country.
3.9 Challenges and Prospects
Compared to other top life science clusters, Kansas City's needs larger life science
companies, other than its current sole dominance of research institutions and
hospitals. Having a presence of larger life science companies would give the
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