Kansas Statutes Annotated
Updated Through the 2013 Legislative Session

Statute Number:79-3285
Chapter Title:TAXATION
Article Title:INCOME TAX
Tax Type:Individual Income Tax; Corporate Income Tax; Privilege
Brief Description:Same; sales factor.


79-3285. Same; sales factor. The sales factor is a fraction, the numerator of which is the total sales of the taxpayer in this state during the tax period, and the denominator of which is the total sales of the taxpayer everywhere during the tax period. For taxable years commencing after December 31, 2007, in the case of sales of business assets, other than sales of tangible personal property sold in the ordinary course of the taxpayer's trade or business, only the net gain from such sales shall be included in the sales factor.
History: L. 1963, ch. 485, 15;L. 2008, ch. 182, 21; July 1.

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