79-32,223.
164 words·~1 min read·
/ks/chapter-79/79-32-198A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
79-32,223. Crude oil or natural gas pipelines; credits for certain investments; definitions. 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.