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KansasBio eNews
Volume 2, Issue 1
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 President's
Message
From Angela Kreps,
KansasBio President
I’ve heard
from many of you over the course of
the last few weeks and I truly appreciate
your notes of congratulation and support
for my appointment by Senate President
Steve Morris to the Kansas Bioscience
Authority (KBA) Board of Directors.
It is a privilege and an honor to
be appointed for this important job
and we’ve already started to
work toward tremendous progress. You
can read about the newly passed program
outlines in this eNews and see the
significant progress we are making.
More...
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Kansas Bioscience Stakeholder's Meeting & Luncheon
 Please
join the Kansas Bioscience Authority for
an informative gathering to meet and visit
with KBA leadership, understand available
programs to you and learn about the
KBA's recent accomplishments and vision
for the upcoming year. This event will take
place Tuesday, July 10, 12 p.m.
at the Overland Park Convention Center.
Hear special remarks by Governor
Kathleen Sebelius and Senate
President Steve Morris.
Click
here to learn more and to RSVP.
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NBAF
in Kansas Update
KansasBio anticipates hearing, as quickly
as next week, if Kansas made the short list
for the National Bio and Agro-Defense
Facility (NBAF). The NBAF in Kansas
task force continues to work with consultants
and staff in Washington D.C. to monitor
activity and progress.
Click
here to read a letter from the Kansas
Bioscience Authority, reiterating
strong support for the project.
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| Kansas
Angel Tax Credits
 The
Kansas Technology Enterprise Corporation
(KTEC) has announced changes in the Kansas
Angel tax credit program that will benefit
bioscience companies in Kansas.
House Bill 2004 has made
the following changes to the Angel Tax Credit,
which became effective July 1, 2007.
Summary of Changes:
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Eligible bioscience
companies can now receive tax credits
for the first 10 years of business,
while IT companies will remain at five
years. |
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Total
tax credits have doubled from $2 million
in 2006 to $4 million in calendar
year 2007. |
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Permitted
Investment entities allow tax credits
to flow thru to individuals. |
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Any
investor who has not owed any Kansas
state income tax for the immediate
last three years nor owed Kansas state
income tax the current tax year can
sell or transfer credits. The transferee
must be registered on the Kansas
Angels web site as an accredited
investor. |
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An
investor is allowed $50,000 in tax
credits per investment in a qualified
business per year, and a maximum of
$250,000 in tax credits per year. |
Click here to review the revised statute.
Click here to learn more about the Kansas Angel Tax Credit Program.
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Kansas Bioscience and Technology Caucus Formed
 A new Kansas Bioscience and Technology Caucus has been formed with a bi-partisan, bi-counsel gathering of Kansas Legislators. The Caucus will host regular meetings in concurrence with the 2008 legislative session.
The caucus
will officially kick-off January
2008, so look for more information
coming soon!
Members
of the Caucus include:
House of Representatives:
Cindy Neighbors, Raj Goyle, Mario Goico,
Lana Gordon, Terrie Huntington, Ann Mah,
Tom Hawk, Sydney Carlin, Don Schroeder,
Tom Sloan, Kenny Wilk, Vern Swanson, Barbara
Craft, Joshua Svaty, Carl Holmes, John Faber
Senate: Nick Jordan,
Marci Francisco, Roger Pine, Dwayne Umbarger,
Steve Morris, Terry Bruce, Laura Kelly
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Kansas
Bioscience Authority Programs
The
Kansas Bioscience Authority is looking
to selectively invest in existing
Kansas bioscience companies, progressive
out-of-state bioscience companies
seeking to relocate, commercialization-promising
university-related bioscience projects,
and entrepreneurial start-up companies
in the bioscience field.
The
Bioscience Authority is initiating
programs that can be used to recruit
world-class scholars, fund equipment
and lab space for research, and facilitate
the commercialization of bioscience
discoveries.
These programs include:
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Kansas
Bioscience Research Matching
Funds Program |
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Kansas
Bioscience Research and Development
Voucher Program |
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Bioscience
Tax Investment Incentive Program |
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Bioscience
Development Financing Program |
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Kansas
Bioscience Scholar Program |
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Bioscience
Research Facilities Program |
Click
here to learn more. |
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Patent Reform Bill (S.1445)
 The
Patent Reform Bill (S. 1445)
is currently being debated in Congress,
which is critically important to the biosciences.
We are monitoring this legislation and are pleased that Senator Brownback has called for additional dialogue on the bill that will help insure that the needs of the bioscience community is being considered.
Click
here to read a letter by Senator Brownback concerning Patent Reform.
Click here to view the signatures on the Patent Reform letter.
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Senate
President Steve Morris Names Angela Kreps
to Kansas Bioscience Authority
 Senate
President Steve Morris (R-Hugoton)
announced the appointment of Angela
Kreps, President of KansasBio, to the Kansas
Bioscience Authority.The Kansas
Bioscience Authority was established in
2004 under the Kansas Economic Growth Act
to stimulate growth in the state’s
bioscience industry.
Senate President Morris
said, “Angela Kreps represents the
very industry we are trying to grow. With
her participation, a critical component
is added to this important board –
insight from the bioscience companies that
are fueling growth and creating the quality
jobs and economic prosperity we hoped would
result from this legislation.” More...
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latest KansasBio information and program announcements. |
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The
2007 BIO International Convention attracted record
breaking crowds to Boston – and Kansas once
again garnered significant attention at this competitive
event – bolstering the image of Kansas as
a bioscience leader and a “go to”
place for bioscience companies, strategic partners
for Kansas companies and investors looking for
dedication and opportunity to grow the biosciences.
