Notice

Notice Number:08-04
Tax Type:Individual Income Tax
Brief Description:Kansas Income Tax Treatment of Certain Washburn University Retirement Benefits
Keywords:
Approval Date:07/01/2008


Body:
KANSAS DEPARTMENT OF REVENUE


NOTICE 08-04


Kansas Income Tax Treatment of Certain
Washburn University Retirement Benefits


Advice has been requested concerning the income tax treatment of certain payments received from the Washburn University retirement plan.

Generally

The process of calculating an individual’s Kansas income tax starts with the person’s federal adjusted gross income. Under Kansas law, those items which are subject to federal tax will be subject to Kansas tax unless there is a specific modification provided for by the Kansas income tax act.

House Substitute for Substitute for Senate Bill 309 was passed during the 2008 Legislative Session. Section 25 of the Bill amends that part of K.S.A. 79-32,117 which permits taxpayers to make certain subtraction modifications in calculating their Kansas income tax. Specifically, the amendment allows a subtraction modification for:




Date Composed: 07/07/2008 Date Modified: 07/07/2008