74-99b82 Purpose.
74-99b82. Purpose. In order to be competitive in our economic and educational endeavors, it is critical that Kansas make bioscience research and development a priority that is specifically targeted to improving our national ranking in bioscience research and development at bioscience research institutions. The commitment necessary to improve Kansas’ performance requires significant investment in bioscience […]
74-99b43 Financing bioscience development projects; issuing special obligation bonds.
74-99b43. Financing bioscience development projects; issuing special obligation bonds. (a) The Kansas development finance authority is hereby authorized to issue special obligation bonds pursuant to K.S.A. 74-8901 et seq., and amendments thereto, in one or more series to finance the undertaking of any bioscience development project in accordance with the provisions of this act. No […]
74-99b83 Definitions.
74-99b83. Definitions. As used in the bioscience research matching funds act, and amendments thereto, the following words and phrases have the following meanings unless a different meaning clearly appears from the content: (a) “Authority” means the Kansas bioscience authority as created by K.S.A. 74-99b04, and amendments thereto. (b) “Board” means the board of directors of […]
74-99b44 Bioscience development bond fund; distributions.
74-99b44. Bioscience development bond fund; distributions. (a) The bioscience development bond fund is hereby created. The bioscience development bond fund shall not be a part of the state treasury and the funds in the bioscience development bond fund shall belong exclusively to the authority. A separate account within the bioscience development bond fund will be […]
74-99b84 Bioscience research matching fund established; eligibility; purpose.
74-99b84. Bioscience research matching fund established; eligibility; purpose. (a) There is hereby created the bioscience research matching fund. (b) The bioscience research matching fund shall be administered by the authority and shall be for the benefit of bioscience research institutions. (c) In order to qualify for the bioscience research and development moneys to be made […]
74-99b45 Same; ad valorem taxes paid into fund.
74-99b45. Same; ad valorem taxes paid into fund. Notwithstanding any other provision of law, it is hereby stated that it is an object of all ad valorem taxes levied by or for the benefit of any city or county on taxable tangible real property located within any bioscience development district created pursuant to this act, […]
74-99b51 Citation of act.
74-99b51. Citation of act. K.S.A. 74-99b51 to 74-99b53, inclusive, and amendments thereto, shall be known and may be cited as the bioscience tax investment incentive act. History: L. 2004, ch. 112, § 31; July 1.
74-99b52 Purpose.
74-99b52. Purpose. The purpose of the bioscience tax investment incentive act is to make Kansas the most desirable state in which to conduct the business of bioscience. The bioscience tax investment incentive act will incentivize individuals and organizations engaged in the business of bioscience to locate and grow in the state in order to make […]
74-99b53 Net operating loss reimbursement program.
74-99b53. Net operating loss reimbursement program. (a) For taxable years commencing after December 31, 2004, any bioscience company as defined in K.S.A. 74-99b33, and amendments thereto, may be allowed a payment from the bioscience authority not to exceed 50% of such bioscience company’s Kansas net operating loss incurred during the claimed taxable year. (b) In […]
74-99b61 Citation of act.
74-99b61. Citation of act. K.S.A. 74-99b61 to 74-99b68, inclusive, and amendments thereto, shall be known and may be cited as the bioscience research and development voucher program act. History: L. 2004, ch. 112, § 34; July 1.