Kansas Statutes Annotated
Updated Through the 2013 Legislative Session

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Statute Number:79-3276
Chapter Title:TAXATION
Article Title:INCOME TAX
Tax Type:Individual Income Tax; Corporate Income Tax; Privilege
Brief Description:Same; capital gains and losses from sales of property.
Keywords:


Body:

79-3276. Same; capital gains and losses from sales of property. (a) Capital gains and losses from sales of real property located in this state are allocable to this state.
(b) Capital gains and losses from sales of tangible personal property are allocable to this state if
(1) the property had a situs in this state at the time of the sale, or
(2) the taxpayer's commercial domicile is in this state and the taxpayer is not taxable in the state in which the property had a situs.
(c) Capital gains and losses from sales of intangible personal property are allocable to this state if the taxpayer's commercial domicile is in this state.
History: L. 1963, ch. 485, 6; April 25.


Date Composed: 04/04/2011 Date Modified: 04/04/2011

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