Crude oil or natural gas pipelines; credits for certain investments; definitions

79-32,223. Crude oil or natural gas pipelines; credits for certain investments; definitions. As used in K.S.A. 79-32,223 through 79-32,226, and amendments thereto: (a) "New qualifying pipeline" means a qualifying pipeline, construction of which begins after December 31, 2005. (b) "Pass-through entity" means any: (1) Corporation which is exempt from income tax under section 1363 of the federal internal revenue code and which complies with the requirements of K.S.A. 79-32,100e, and amendments thereto; (2) limited liability company; (3) partnership; or (4) limited liability partnership. (c) "Qualified investment" means expenditures made in construction of a new qualifying pipeline for real and tangible personal property incorporated in and used as part of such pipeline. (d) "Qualifying pipeline" means a pipeline which is located in this state, is used primarily for transportation of crude oil or natural gas liquids and has a length of more than 190 miles in this state and to which refineries or natural gas liquid processing facilities in this state have access. History: L. 2006, ch. 209, § 7; July 1. Cross References to Related Sections: Property tax exemption for crude oil or natural gas pipeline property, 79-227. Financing of crude oil or natural gas pipelines, 74-8949. CASE ANNOTATIONS 1. The "access" requirement is met when Kansas refineries can obtain crude oil or natural gas liquid transported through a "qualifying pipeline." In re Tax Exemption Application of TransCanada Keystone Pipeline, 48 Kan. App. 2d 838, 301 P.3d 335 (2013).