Session of 2000
By Committee on Agriculture

  9             AN  ACT concerning income taxation; providing a credit therefrom for
10             certain expenses incurred by food locker plants.
12       Be it enacted by the Legislature of the State of Kansas:
13             Section  1. (a) For all taxable years commencing after December 31,
14       1997, there shall be allowed as a credit against the tax liability of a taxpayer
15       who operates a food locker plant imposed under the Kansas income tax
16       act, an amount equal to any expenses paid for improvements in the fa-
17       cilities of such food locker plant. The credit allowed by this section in any
18       taxable year to the taxpayer shall not exceed $10,000. If the amount of
19       such tax credit exceeds the taxpayer's income tax liability for any such
20       taxable year, such excess amount may be carried over for deduction from
21       the taxpayer's tax liability in the next succeeding taxable year or years
22       until the total amount of the tax credit has been deducted from tax
23       liability.
24             (b) As used in this section "food locker plant" means a plant which:
25       (1) Is inspected by the Kansas department of agriculture as provided
26       under the Kansas meat and poultry inspection act; and
27             (2) prepares meat, meat food products, poultry or poultry products
28       which have been inspected and passed and which are being prepared and
29       sold in normal retail quantities; or
30             (3) prepares such meat, meat products, poultry or poultry products
31       for the owner of such food locker plant.
32        Sec.  2. This act shall take effect and be in force from and after its
33       publication in the statute book.