Kan. Admin. Regs. § 110-7-9

Current through Register Vol. 43, No. 38, September 19, 2024

Section 110-7-9 - Gifts; gift period

(a) Each proposal shall include a statement indicating that only non-cash gifts related directly to the approved project will be accepted and that acceptance of the non-cash gifts will occur within 18 months after the date of approval of the proposal by the director. To be considered "related directly," the non-cash gift shall be actually used for, or as part of, the project. A gift received before or after this period shall not be approved for tax credits.

(b) Each person wanting a tax credit and donating a gift to an approved project shall submit a tax credit application to the department within one year of the donation of the gift.

Authorized by and implementing K.S.A. 79-32,198; effective Sept. 28, 2001.