Statute 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; April 16.