Kan. Admin. Regs. § 110-19-2

Current through Register Vol. 43, No. 49, December 5, 2024

Section 110-19-2 - Application; additional documentation

(a) Each taxpayer that desires to obtain tax benefits under the act shall submit an application, on a form provided by the department, to the secretary for a determination of whether the taxpayer's project qualifies for tax benefits under the act. Each application shall include the following:

(1) Documentation including a detailed description of the project that is the subject of the application;

(2) a statement explaining how the proposed project meets the requirements set forth in the act;

(3) a project timeline and budget;

(4) adequate documentation that the taxpayer has satisfied the requirements set forth in the act;

(5) a statement describing in detail the ownership structure of the project, including the name of each legal entity and the entity's proportion of ownership interest, which shall be expressed as a percentage of the project; and

(6) any other relevant information required by the secretary to determine the eligibility of the taxpayer for tax benefits under the act.

(b) If any of the items specified in subsection (a) are not included or if the secretary requires additional information, the taxpayer shall be notified about the items or information required to be provided to the secretary before the secretary can make a determination on the eligibility of the taxpayer for tax benefits under the act.

Kan. Admin. Regs. § 110-19-2

Authorized by and implementing K.S.A. 2007 Supp. 79-32,246; effective July 25, 2008.