Kansas Administrative Regulations

Regulation Number:92-12-97
Agency Title: KANSAS DEPARTMENT OF REVENUE
Article Title: Income Tax
Tax Type:Individual Income Tax; Corporate Income Tax
Brief Description:Sales factor; numerator.
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Body:

92-12-97 Sales factor; numerator. The numerator of the sales factor shall include gross receipts attributable to this state and derived by the taxpayer from transactions and activity in the regular course of its trade or business. All interest income, service charges, carrying charges, or time-price differential charges incidental to such gross receipts, shall be included regardless of the place where the accounting records are maintained or the location of the contract or other
evidence of indebtedness. (Authorized by K.S.A. 79-3236, 79-3285, 79-4301; effective May 1, 1979.)