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Kansas State Housing Incentive Tax Credit Transferability Expanded Under New Law

Tuesday, May 9, 2023 - 10:45AM

Kansas Gov. Laura Kelly signed legislation into law that expands the transferability of the state housing incentive tax credit–which targets middle-income residents. The bill allows that any portion of the credit carried forward is transferrable and removing the requirement that to transfer the credit, a taxpayer must have no current tax liability. S.B. 17 also allows the transfer of thecredit to multiple individuals and includes no limit on the number of times a credit can be transferred. 

(May 11, 2023: Updated version clarifies that the legislation applies to the middle-income housing tax credit.)

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