Kansas Statutes
Article 81 - Kansas Technology Enterprise Corporation
74-8131 Citation of act; purpose.

74-8131. Citation of act; purpose. (a) The purpose of the Kansas angel investor tax credit act is to facilitate the availability of equity investment in businesses in the early stages of commercial development and to assist 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 investors investing in these businesses. The Kansas angel investor tax credit act shall be administered by the secretary with the primary goal of encouraging individuals to provide seed-capital financing for emerging, Kansas businesses engaged in the development, implementation and commercialization of innovative technologies, products and services.
(b) K.S.A. 74-8131 through 74-8137, and amendments thereto, shall be known and may be cited as the Kansas angel investor tax credit act.
History: L. 2004, ch. 112, § 74; L. 2005, ch. 134, § 1; L. 2011, ch. 104, § 26; July 1.

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Structure Kansas Statutes

Kansas Statutes

Chapter 74 - State Boards, Commissions And Authorities

Article 81 - Kansas Technology Enterprise Corporation

74-8103 Definitions.

74-8104 Powers; exemption from state purchasing laws; certain records secure.

74-8106 Centers of excellence, establishment authorized, types, functions; basic research fund, applied research and development fund, technology transfer fund, creation, sources, uses; centers of excellence committee; awards of funding, requirements...

74-8107 Applied research matching grant fund, creation, sources, uses; award of grants, prerequisites; approval of proposals, required findings; applied research committee; commercialized research.

74-8108 Small business innovation research matching grant bridge financing programs.

74-8108a Review of small business innovation research bridge financing program.

74-8109 Seed-capital fund, creation, sources, uses; investment committee; limitation on certain investments.

74-8110 Technology transfer and technical referral services; clearinghouse; technical information data bases; industrial liaison offices.

74-8111 Annual report, contents, presentation and distribution; program funding levels, evaluation and recommendations; appropriations below threshold levels, effect; audit.

74-8112 Severability.

74-8113 Employees of Kansas technology enterprise corporation.

74-8114 Disposition of moneys.

74-8115 Citation of act.

74-8116 State patent depository library; designation of state agency therefor; grant to establish.

74-8122 Abolishing the agricultural value added center, the agricultural value added processing center leadership council, the division of markets and the director of marketing.

74-8123 Abolition of Kansas technology enterprise corporation.

74-8124 Same; transfer of powers and duties to department of commerce and secretary of commerce; transfer of fund balances to department of commerce; transfer of employees to department of commerce.

74-8125 Same; succession to powers, duties and functions of Kansas technology enterprise corporation by secretary and department of commerce.

74-8126 Same; transfer of property and records to secretary or department of commerce; resolution of conflicts.

74-8127 Same; transfer of certain powers and duties to board of regents; transfer of certain funds to board of regents; transfer of certain liabilities to board of regents.

74-8128 Same; succession of certain powers, duties and functions of Kansas technology corporation by board of regents.

74-8129 Same; transfer of certain property and records to board of regents; resolution of conflicts.

74-8130 Same; rights preserved in legal actions and proceedings.

74-8130a Effective date for certain sections.

74-8131 Citation of act; purpose.

74-8132 Definitions.

74-8133 Tax credits for investment in qualified securities of qualified Kansas business; claims; limitations; transfer of credits; reimbursement of administrative costs.

74-8134 Qualified Kansas business; application for qualification, contents, trade secrets to be accorded confidentiality; burden of proof to demonstrate qualification; notice upon change therein.

74-8135 Same; designation upon determination that criteria satisfied; reporting requirements.

74-8136 Same; secretary of commerce authorized to issue tax credits; reporting required; annual review by secretary of commerce; loss of designation, notice, repayment obligations; disallowance; rules and regulations.

74-8137 Same; state not liable to investors.