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Minutes for HB2689 - Committee on Commerce, Labor and Economic Development

Short Title

Amending the angel investor tax credit with respect to the definition of qualified securities, tax credit limitations and amounts, investor requirements and extending the date that credits may be allowed.

Minutes Content for Thu, Feb 20, 2020

Chairperson Tarwater opened the hearing on HB2689 and recognized Charles Reimer, Assistant Revisor, who gave an overview of the bill and answered questions from Committee members.

Chairperson Tarwater introduced Representative Stephen Owens, 74th District, Kansas House of Representatives.  Representative Owens appeared as a proponent for this bill. (Attachment 1)

Other oral proponents were:

David Soffer, Legislative & Policy Director, Kansas Department of Commerce (Attachment 2)

Jeff Shackleford, President & CEO, Enterprise Center in Johnson County (Attachment 3)

Jeff Weiner, CEO of Real Quantum (Attachment 4)

Mike Mathia, founder of KNOXX and cofounder of Quicc (Attachment 5)

Tammie Wahaus, CEO of ELIAS Animal Health (Attachment 6)

Sonia M. Hall, PhD, President & CEO, BioKansas (Attachment 7)

Ryan Weber, President & CEO, KC Tech Council (Attachment 8)

Nicholas Franano, MC, President & CEO, Artio Medical, Inc. (Attachment 9)

Written-only proponents for this bill were:

Kelly Sievers, Managing Director, Women's Capital Connection (Attachment 10)

Dennis Ridenour, President & CEO, BioNexus KC (Attachment 11)

John Jenks, Director, Public Policy, The Greater Kansas City Chamber of Commerce (Attachment 12)

Jason P. Watkins, Wichita Regional Chamber of Commerce (Attachment 13)

Kevin Walker, Senior Vice President of Public Policy and Advocacy, Overland Park Chamber of Commerce (Attachment 14)

There was no opponent or neutral testimony received on this bill.

There were no questions.

Chairperson Tarwater thanked the conferees for their testimony and closed the hearing on HB2689.