Kan. Admin. Regs. § 110-13-1 - Definitions
As used in these regulations, the following definitions shall apply:
(a) "Act" means the rural
business development tax credit program pursuant to K.S.A. 74-50,154, and
amendments thereto.
(b) "Business
support services" means business counseling, technical assistance, and business
planning services provided to existing or prospective small businesses or
entrepreneurs.
(c) "Department"
means the department of commerce.
(d) "Entrepreneur" means an individual
creating a new business, service, or product.
(e) "Fiscal year" means the 12-month period
beginning July 1 and ending June 30.
(f) "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.
(g)
"Regional leadership development" means training and education that enable a
region to develop community leadership that strengthens the economic and social
environment in that region.
(h)
"Secretary" means secretary of the department of commerce.
(i) "Small business" means an independently
owned and operated business having fewer than 100 full-time equivalent
employees.
(j) "Technology
improvements" means a project that results in the ability of the region to
enhance service in areas including broadband access, web site creation,
wireless internet services, computer programming, computer servers, computer
networks, computer databases, electronic training modules, electronic media,
and any other technological areas deemed eligible by the secretary.
(k) "Utilization" means a regional
foundation's demonstrated ability to obtain enough qualifying contributions to
fully use all tax credits allocated to the region during the period of time in
which the tax credits were allocated to the regional foundation by the
secretary.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.