Kansas Statutes Annotated
Updated Through the 2013 Legislative Session

Statute Number:79-32,141
Chapter Title:TAXATION
Article Title:INCOME TAX
Tax Type:Individual Income Tax; Corporate Income Tax; Privilege
Brief Description:Allocation of income and deductions.


79-32,141. Allocation of income and deductions. The director may allocate gross income, deductions, credits, or allowances between two or more organizations, trades or businesses (whether or not incorporated, or organized in the United States or affiliated) owned or controlled directly or indirectly by the same interests, if the director determines such allocation is necessary to prevent evasion of taxes or to clearly reflect income of the organizations, trades or businesses.
History: L. 1967, ch. 497, 34; May 12.

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