Kan. Admin. Regs. § 110-1-2 - Annual report
(a) To
determine program compliance and status for continuing certification, each
certified Kansas venture capital company shall report annually to the secretary
on forms provided by the department. Information reported shall include as a
minimum:
(1) the name, address, and taxpayer
identification number of each investor who has invested in that company and
amounts invested by each;
(2) the
name, address and taxpayer identification number of each taxpayer who acquires
by transfer the income tax credits from investors exempt from income taxation;
(3) the name and location of each
business in which the company has invested and the type and amount of
investment. The names of the business owners shall be provided if required to
determine their qualification for equity or tax credit purposes;
(4) the number of jobs created or preserved
in each business; and
(5) a
certification that all businesses in which the company has invested are
eligible in accordance with K.S.A. 1986 Supp.
74-8307(d), as amended by L.
1987, Chapter 319, Section 3, if required to determine qualification for equity
or tax credit purposes.
(b) The cost of the annual review for each
Kansas venture capital company shall be $100. The fee shall be paid by the
Kansas venture capital company upon submission of the annual report to the
secretary.
Notes
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