Kansas Statutes Annotated
Updated Through the 2013 Legislative Session

Statute Number:79-32,245
Chapter Title:TAXATION
Article Title:INCOME TAX
Tax Type:Individual Income Tax; Corporate Income Tax; Privilege
Brief Description:Renewable electric cogeneration facilities; credits for
certain investments; definitions.


79-32,245. Renewable electric cogeneration facilities; credits for certain investments; definitions. As used in K.S.A. 2010 Supp. 79-32,245 through 79-32,249, and amendments thereto:
(a) "New renewable electric cogeneration facility" means a renewable electric cogeneration facility which is located in this state and construction of which begins after December 31, 2006.
(b) "Pass-through entity" means any: (1) Corporation which is exempt from income tax under section 1363 of the federal internal revenue code and which complies with the requirements of K.S.A. 2010 Supp. 79-32,100e, and amendments thereto; (2) limited liability company; (3) partnership; or (4) limited liability partnership.
(c) "Qualified investment" means expenditures made in construction of a new renewable electric cogeneration facility, for real and tangible personal property incorporated in and used as part of such facility.
(d) "Renewable electric cogeneration facility" means a facility which generates electricity utilizing renewable energy resources or technologies, as defined in K.S.A. 79-201, and amendments thereto, and which is owned and operated by the owner of an industrial, commercial or agricultural process to generate electricity for use in such process to displace current or provide for future electricity use.
History: L. 2007, ch. 113, 10; July 1.

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