Magnolia Venture Capital Corporation, but not the shareholders thereof, is exempt from all state income taxes and corporate license fees. Laws, 1994, ch. 650, § 8, eff. 4/8/1994. Magnolia Venture Capital Corporation, but not the shareholders thereof, is exempt from all state income taxes and corporate license fees. Laws, 1994, ch. 650, § 8, eff. 4/8/1994. Magnolia Venture Capital Corporation, but not the shareholders thereof, is exempt from all state income taxes and corporate license fees. Laws, 1994, ch. 650, § 8, eff. 4/8/1994. Magnolia Venture Capital Corporation, but not the shareholders thereof, is exempt from all state income taxes and corporate license fees. Laws, 1994, ch. 650, § 8, eff. 4/8/1994.
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