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Current as of January 01, 2023 | Updated by FindLaw Staff
As used in K.S.A. 79-32,223 through 79-32,226, and amendments thereto:
(a) “New qualifying pipeline” means a qualifying pipeline, construction of which begins after December 31, 2005.
(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. 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 qualifying pipeline for real and tangible personal property incorporated in and used as part of such pipeline.
(d) “Qualifying pipeline” means a pipeline which is located in this state, is used primarily for transportation of crude oil or natural gas liquids and has a length of more than 190 miles in this state and to which refineries or natural gas liquid processing facilities in this state have access.
Cite this article: FindLaw.com - Kansas Statutes Chapter 79. Taxation § 79-32,223. Crude oil or natural gas pipelines; credits for certain investments; definitions - last updated January 01, 2023 | https://codes.findlaw.com/ks/chapter-79-taxation/ks-st-sect-79-32-223/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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