Kansas § 79-32,223 Crude oil or natural gas pipelines; credits for certain investments; definitions

Kansas Statutes

§ 79-32,223 — Crude oil or natural gas pipelines; credits for certain investments; definitions

Kansas § 79-32,223

Ch. 79TAXATION

Art. 32INCOME TAX

This text of Kansas § 79-32,223 (Crude oil or natural gas pipelines; credits for certain investments; definitions) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 79-32,223 (2026).

Text

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

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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.