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.
74-99b62 Purpose.
74-99b62. Purpose. The bioscience research and development voucher program act will incentivize individuals and organizations engaged in the business of bioscience to locate and grow in the state in order to make Kansas a national leader in bioscience, advance scientific knowledge, promote research and development, and improve the quality of life for the citizens of […]
74-99b63 Definitions.
74-99b63. Definitions. As used in the bioscience research and development voucher program 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) “Bioscience” means, without limitation, the […]
74-99b64 Bioscience research and development voucher fund established; receipts; balance not subject to appropriation.
74-99b64. Bioscience research and development voucher fund established; receipts; balance not subject to appropriation. (a) There is established and created in the state treasury a fund entitled the bioscience research and development voucher fund for the purpose of enabling Kansas companies conducting bioscience research and development to undertake bioscience research and development work in the […]
74-99b65 Bioscience research and development voucher program; establishment; purpose.
74-99b65. Bioscience research and development voucher program; establishment; purpose. (a) There is created and established under the authority a bioscience research and development voucher program to provide vouchers to Kansas companies conducting bioscience research and development to undertake bioscience research and development work in partnership with bioscience research institutions. (b) The purpose of the bioscience […]
74-99b66 Qualified companies; application review; criteria.
74-99b66. Qualified companies; application review; criteria. (a) The authority shall review applications and to certify whether an applicant is a qualified company. (b) The authority shall develop application criteria and an application process subject to the following limitations. The proposed bioscience research and development project must be likely to: (1) Produce a measurable result and […]