Kansas Statutes Annotated
Updated Through the 2013 Legislative Session

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Statute Number:74-8302
Chapter Title:STATE BOARDS, COMMISSIONS AND AUTHORITIES
Article Title:KANSAS VENTURE CAPITAL COMPANY ACT
Tax Type:Corporate Income Tax; Individual Income Tax; Privilege
Brief Description:Purpose of act.
Keywords:


Body:

74-8302. Purpose of act. The purpose of the Kansas venture capital company act is to facilitate the formation of private venture capital companies that meet generally accepted national standards for private venture capital companies, and that make equity investments in the creation and expansion of Kansas businesses which are job and wealth creating enterprises by granting tax credits against the Kansas income tax liability of taxpayers investing in such Kansas venture capital companies and taxpayers acquiring credits pursuant to transfers as provided in K.S.A. 74-8304a. 8302.
History: L. 1986, ch. 285, 2;L. 1987, ch. 322, 1; April 16.


Date Composed: 04/04/2011 Date Modified: 04/04/2011

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