Tax Credits Available - Support Entrepreneurship!
Program Overview
The Kansas Economic Growth Act of 2004 established the Center for Entrepreneurship (d.b.a. Network Kansas) to build an entrepreneurial ecosystem connecting resource organizations and entrepreneurs. A key initiative was providing seed capital to small businesses in rural and distressed areas, supported by the Kansas Center for Entrepreneurship Tax Credit.
Additional Program Details
A tax credit is a dollar-for-dollar credit against income tax liability. For every $1,000 donated, donors receive a $750 credit applied directly to their income tax liability. Donors may also be eligible for federal and state tax deductions. Donors should consult their individual tax specialist to determine the amount of any deductions. A K-31 Form is required with the individual tax form and is available online through the Kansas Department of Revenue. Minimum and maximum allocations are based on each tax identification number (EIN or SSN). Individuals, financial institutions—including banks and savings and loans—and corporations may donate. Lending institutions may apply CRA credits.Tax Credit Amounts
Minimum per year: $250 donation = $187.50 tax credit Maximum per year: $133,333.33 donation = $100,000 tax credit Tax credit rate: 75%
Our local Coffey County eCommunity team will receive a portion of funds collected!Donate
Donations fund entrepreneurship programs and matching loans through Network Kansas partners, including local and regional organizations, agencies, small business development centers, and others assisting entrepreneurs and small businesses in Kansas.
Contact the Network Kansas Business Development Department for participation criteria and to verify that tax credits are available. Donors must provide identification to receive credit for their donation.
Payment deadline: November 1
Make checks payable to the Kansas Center for Entrepreneurship and mail them to:
Kansas Center for Entrepreneurship
c/o Network Kansas
P.O. Box 877
Andover, KS 67002-0877
Website: networkkansas.com
Phone: 877-521-8600
Email: taxcredits@networkkansas.com
Please reach out to me if you'd like to participate in this program!
- Chari
