Kansas Administrative Regulations

Regulation Number:92-12-75
Agency Title: KANSAS DEPARTMENT OF REVENUE
Article Title: Income Tax
Tax Type:Individual Income Tax; Corporate Income Tax
Brief Description:Definitions.
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Body:

92-12-75 Definitions. (a) Apportionment means the division of business income between states by the use of a formula containing apportionment factors.
(b) Allocation means the assignment of nonbusiness income to a particular state.
(c) Business activity means the transactions and activity occurring in the regular course of a particular trade or business of a taxpayer. (Authorized by K.S.A. 79-3236, 79-3271, 79-3272, 79-
4301; effective May 1, 1979.)