Kansas Statutes 74-50,214. Documentation submitted to department of revenue; rules and regulations
(a) Any qualified company eligible to receive benefits pursuant to Kan. Stat. Ann. § 74-50,212, and amendments thereto, shall complete and submit to the department of revenue:
(1) The amount of Kansas payroll withholding tax being retained by the qualified company pursuant to this act in a manner prescribed by the director of taxation; and
Terms Used In Kansas Statutes 74-50,214
- Act: means the provisions of Kan. See Kansas Statutes 74-50,211
- department: means the department of commerce;
(4) "entrepreneur" means an individual creating a new business, service or product;
(5) "region" means multi-county areas as defined by the secretary of commerce;
(6) "regional business development fund" means an authorized and audited fund that is created by taxpayer contributions, interest income and investment income and is managed by the regional foundation board of directors for the purposes of economic and leadership development in the region;
(7) "regional foundation" means any organization in Kansas that demonstrates capacity to provide economic development services to regions as defined by this act, and: (A) Has obtained a ruling from the internal revenue service of the United States department of treasury that such organization is exempt from income taxation under the provisions of section 501(c)(3) or 501(c)(6) of the federal internal revenue code;
(B) has been designated as a certified development company by the United States small business administration;
(C) has been designated as an economic development district by the United States department of commerce's economic development administration;
(D) has been organized as a regional planning commission under Kan. See Kansas Statutes 74-50,154
- Qualified company: means any for-profit corporation, partnership or other entity making available to its full-time employees adequate health insurance coverage and paying at least 50% of the premium for such health insurance, which meets the requirements of Kan. See Kansas Statutes 74-50,211
- Secretary: means the secretary of commerce. See Kansas Statutes 74-5059
(2) a form designed by the secretary of revenue pursuant to Kan. Stat. Ann. § 74-50,217, and amendments thereto.
The completed form shall be submitted electronically or in the manner prescribed by the secretary of revenue.
(b) The secretary of revenue may adopt rules and regulations necessary to implement and administer the provisions of this section. The secretary of revenue and the secretary of commerce shall work together to coordinate a set of procedures to implement the provisions of this act.