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Minutes for HB2416 - Committee on Taxation
Short Title
Income tax credit for certain purchases of goods and services by a taxpayer from qualified vendors that provide employment to individuals who are blind or severely disabled.
Minutes Content for Tue, Apr 4, 2017
Mr. Wells provided an overview on HB2416 noting the bill provides a tax credit for tax year 2017 and beyond equal to 15% of the amount for expenditures of goods and services purchased by the taxpayer from a qualified vendor. The amount of the credit would be limited to each taxpayer to not exceed $500,000 per qualified vendor per tax year. The credit excess can be applied to future tax years' tax liability and the credit can be carried forward for four years.
Kathleen Smith, Kansas Department of Revenue said the fiscal note on HB2416 is estimated to be $900,000 assuming $6 million of expenditures were made from qualified vendors.
Proponents:
Patrick Jonas, President and CEO, The Cerebral Palsy Research Foundation of Kansas testified as a proponent for HB2416. (Attachment 14)
Tim Wood, Executive Director, InterHab testified as a proponent for HB2416. (Attachment 15)
Mike Burgess, Disability Rights Center of Kansas testified as a proponent for HB2416. (Attachment 16)
Natalie Bright, Coalition for Opportunity testified as a proponent for HB2416. (Attachment 17)
James Quillen, Vice President/COO OCCK, Inc. testified as a proponent for HB2416. (Attachment 18
Written testimony as proponents to HB2416 was submitted by the following:
Doug Wisby, President/CEO MCDS/Cartridge King of Kansas (Attachment 19)
Colin McKenney, CEO, Starkey, Inc. (Attachment 20)
The hearing is closed on HB2416.
Meeting adjourned at 4:56 p.m.
