Questions and Answers

Identifying Information:Dates
Tax Type:Privilege
Brief Description:Dates
Keywords:



Body:
PRIVILEGE TAX



Tax rates:

A] Banks 4 % normal rate
2 1/8 % in excess of $25,000.00 surtax

Estimated Tax:

For all federal taxable years commencing after 12-31-92, every
national banking association, bank, trust company, and saving and
loan association subject to taxation whose liability can reasonably be
expected to exceed $500.00 must pay estimated tax to Kansas. The
estimate payment must be equal to 90% of the tax due for the
current year.

Estimate due dates are the 4th ,6th ,9th & 12th month of the tax
year.

Exceptions to avoid the estimate penalty are same as corporate
income:

1) 100% prior years paid in 4 quarterly installment.
2) Annualized
3) 90% of current years tax in quarterly payment.




Date Composed: 10/06/1997 Date Modified: 10/11/2001