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.
History: L. 1986, ch. 285, § 2; L. 1987, ch. 322, § 1; Apr. 16.
Structure Kansas Statutes
Chapter 74 - State Boards, Commissions And Authorities
Article 83 - Kansas Venture Capital Company Act
74-8305 Rules and regulations.
74-8309 Same; decertification; effect on tax credits.
74-8310 Annual report by secretary; contents.
74-8311 State not liable to investors in Kansas venture capital companies.
74-8317 Same; reporting requirements.