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Claim Your 75% Kansas Income Tax Credit While Supporting Area Entrepreneurs

Most people don't like paying their Kansas income tax each year. Many like the idea of a portion going to help entrepreneurs and small business owners instead going into the state's general fund coffers. Below is a communication we've been sending to people in our network. If you'd like to know more about how to shift some of your Kansas income tax payments to entrepreneurship support, contact Jim Correll, 620-252-5349 or jimc@ibrcenter.org.

  • 75% of your donation in early December is a direct credit against your Kansas Income tax liability for TY2023. In addition, your donation may qualify as a charitable deduction on your federal and state returns.* 

    I have a limited allocation of the Network Kansas Entrepreneurship tax credits, the “good” kind, available in exchange for donations starting in mid-November. Donations will be payable during the first two weeks of December. Donations from $250 to $133,333 are eligible.

    The Kansas Entrepreneurship Tax Credits are used by Network Kansas to help entrepreneurs and small business owners across the state. As the Montgomery County Point of Contact for the Network Kansas E-Community initiative, we are able to offer these credits in our area, and 30% of your donation will come back to Montgomery County to help our local and area entrepreneurs and small business owners.

    *Consult your tax advisors about the eligibility as a charitable contribution.

    If you think you might be able to use some of these credits, please respond in one of two ways:

    Please let us know;

  • 1.     a non-binding estimate of the amount of tax credits you might want. I will earmark that amount for you and verify in November; or,
  • 2.     to contact you during the last half of November to let you know if there are any tax credits remaining, to be offered on a first come, first served basis.

Click here to review-download the NetWork Kansas flyer.  

Remember, if you coordinate your donation through Jim Correll, 620-252-5349, jimc@ibrcenter.org, 30% of your donation will come back to Montgomery County.

"Innovative Business Resource Center" (IBRC) is a Kansas Not-for-Profit organization and a 501(c)3 organization. Montgomery County, Kansas.

IBRC is the local partner organization for Montgomery County E-Community, a Network Kansas initiative.

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