Kansas Statutes Annotated
Updated Through the 2013 Legislative Session

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Statute Number:79-3280
Chapter Title:TAXATION
Article Title:INCOME TAX
Tax Type:Individual Income Tax; Corporate Income Tax; Privilege
Brief Description:Same; property factor defined.
Keywords:


Body:

79-3280. Same; property factor defined. The property factor is a fraction, the numerator of which is the average value of the taxpayer's real and tangible personal property owned or rented and used in this state during the tax period and the denominator of which is the average value of all the taxpayer's real and tangible personal property owned or rented and used during the tax period.
History: L. 1963, ch. 485, 10; April 25.


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

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