K.S.A. 79-32,217 — Refineries; credit for certain investments; definitions

As used in K.S.A. 79-32,217 through 79-32,220 , and amendments thereto:

# (a)

"Expansion of an existing refinery" means expansion which begins after December 31, 2005, of the capacity of an existing refinery by at least 10% of such capacity.

# (b)

"New refinery" means a refinery, construction of which begins after December 31, 2005.

# (c)

"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.

# (d)

"Qualified investment" means expenditures made in construction of a new refinery, expansion of an existing refinery or restoration of production of a refinery, for real and tangible personal property incorporated in and used as part of such refinery.

# (e)

"Refinery" means an industrial process plant, located in this state, where crude oil is processed and refined into petroleum products.

# (f)

"Restoration of production of a refinery" means restoration which begins after December 31, 2005, of production of a refinery which has been out of production for five or more years.