BUSINESS

Kansas Announces Multiple State Tax Credits and Extensions

PUBLISHED Jul 6, 2026, 2:26 PM ET

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Topeka, Kansas. On Wednesday, July 1, 2026, the Kansas Department of Revenue published four notices announcing new and amended tax credits and extensions covering ethanol retailers, angel investors, gun- and ammunition-storage expenditures, and state participation in a federal scholarship contribution tax credit for taxable years beginning after Dec. 31, 2026. The notices specify an ethanol retailer credit effective for tax years 2026 through 2028 with a maximum $2,500,000 annual cap; extension of the angel investor credit through 2031 with at least 25 percent of credits allocated to businesses in counties under 50,000 population beginning in 2027; a 25 percent gun-storage credit capped at $250 per taxpayer; and treasurer reporting requirements for scholarship-granting organizations.

By Daniel Hayes | JQJO News

Timeline of Events

July 1, 2026 — Notice 26-03 issued: angel investor credit extended through 2031; aviation/aerospace credits extended.
July 1, 2026 — Notice 26-04 issued: new ethanol retailer tax credit for tax years 2026–2028 with $2.5M cap.
July 1, 2026 — Notice 26-06 issued: new gun-storage income tax credit equal to 25% of expenditures up to $250.
July 1, 2026 — Notice 26-10 issued: Kansas to participate in federal Section 25F scholarship contribution credit; treasurer reporting required.
2027–2031 — Allocation and extension provisions take effect (25% rural allocation starting 2027; credits extend to 2031 where specified).

News Intelligence

These new tax credits and extensions could mean more money in your pocket. If you're an ethanol retailer, angel investor, or have gun-storage expenses, you could see significant savings. And if you contribute to scholarship funds, keep an eye on the new federal credit.

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Who Benefited

Beneficiaries include ethanol retailers eligible for credits up to $2.5 million per year, angel investors in qualified Kansas businesses receiving extended credits through 2031 (with rural allocation requirements), taxpayers claiming gun-storage credits, and scholarship-granting organizations benefiting from federal contribution-linked credits.

Who Impacted

Kansas state finances could face reduced revenue or shifted allocations as the new and extended tax credits are claimed; taxpayers not qualifying for these credits may indirectly bear redistributed fiscal impacts.

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