reglab/housing_qa huggingface dataset:
KS Stat § 79-1110 (2021)
2021 Kansas Statutes|Chapter 79 - Taxation|Article 11 - Banks, Banking Businesses, Trust Companies And Savings And Loan Associations|79-1110 Taxation of national banking associations, banks, trust companies and savings and loan associations; procedure for returns; tax payment; laws applicable.

79-1110. Taxation of national banking associations, banks, trust companies and savings and loan associations; procedure for returns; tax payment; laws applicable. Every national banking association, bank, trust company, and savings and loan association subject to taxation under this act shall make its return and pay the tax imposed to the director of taxation on or before the 15th day of the fourth month following the close of its federal taxable year, in the same manner, except for computing the net income subject to tax, as corporations are required to make their returns and pay their taxes under the Kansas income tax act. Every such national banking association, bank, trust company and savings and loan association shall be subject to other provisions of the Kansas income tax act applicable to other corporations and shall be subject to the penalties imposed on corporations by K.S.A. 79-3222, 79-3228 and 79-3234 insofar as the same can be made applicable.History: L. 1963, ch. 463, § 5; L. 1980, ch. 309, § 1; L. 1981, ch. 377, § 1; April 16.
KS Stat § 79-1110a (2021)
2021 Kansas Statutes|Chapter 79 - Taxation|Article 11 - Banks, Banking Businesses, Trust Companies And Savings And Loan Associations|79-1110a Application of 79-1110.

79-1110a. Application of 79-1110. The provisions of this act shall be applicable to all taxable years commencing after December 31, 1979.History: L. 1980, ch. 309, § 2; July 1.
KS Stat § 79-1111 (2021)
2021 Kansas Statutes|Chapter 79 - Taxation|Article 11 - Banks, Banking Businesses, Trust Companies And Savings And Loan Associations|79-1111 Same; administration of act; rules and regulations.

79-1111. Same; administration of act; rules and regulations. The director of taxation shall administer this act. The secretary of revenue shall adopt rules and regulations for the administration of this act.History: L. 1963, ch. 463, § 6; L. 1972, ch. 342, § 90; July 1.
KS Stat § 79-1112 (2021)
2021 Kansas Statutes|Chapter 79 - Taxation|Article 11 - Banks, Banking Businesses, Trust Companies And Savings And Loan Associations|79-1112 Disposition of tax moneys; privilege tax refund fund established; refunds.

79-1112. Disposition of tax moneys; privilege tax refund fund established; refunds. (a) The director of taxation shall remit all tax moneys collected under the provisions of this act to the state treasurer in accordance with the provisions of K.S.A. 75-4215, and amendments thereto, less amounts set apart in the privilege tax refund fund in the manner provided in subsection (b). Upon receipt of each such remittance, the state treasurer shall deposit the entire amount in the state treasury to the credit of the state general fund.(b) A fund designated as the privilege tax refund fund shall be set apart and maintained by the director from the tax moneys collected under the provisions of this act and held by the state treasurer for prompt payment of all "privilege tax" refunds. The fund shall be in such amount as the director determines is necessary to meet current refunding requirements under this act. In the event such fund is at any time insufficient to provide for the payment of refunds due claimants thereof, the director shall certify the amount of additional funds required to the director of accounts and reports, who shall promptly transfer the required amount from the state general fund to the privilege tax refund fund and notify the state treasurer, who shall make proper entry in the records.(c) If the director discovers from the examination of the return, or upon claim duly filed by the taxpayer or upon final judgment of the court that the tax imposed by this act, or any penalty or interest paid by or credited to any taxpayer is in excess of the amount legally due, the director shall certify to the director of accounts and reports the name of the taxpayer, the amount of refund and such other information as the director may require. Upon receipt of such certification, the director of accounts and reports shall issue a warrant on the state treasurer for the payment to the taxpayer out of the fund provided in subsection (b), except that no refund shall be made for a sum less than $5, but such amount may be claimed by the taxpayer as a credit against the taxpayer's tax liability in the taxpayer's next succeeding year.History: L. 1963, ch. 463, § 7; L. 1972, ch. 361, § 1; L. 1979, ch. 315, § 1; L. 1983, ch. 315, § 1; L. 1984, ch. 351, § 5; L. 2001, ch. 5, § 443; July 1.
KS Stat § 79-1113 (2021)
2021 Kansas Statutes|Chapter 79 - Taxation|Article 11 - Banks, Banking Businesses, Trust Companies And Savings And Loan Associations|79-1113 National banking associations and banks and corporations holding stock therein; exemption from intangibles tax.

79-1113. National banking associations and banks and corporations holding stock therein; exemption from intangibles tax. Shares, shares of stock or other evidence of ownership of national banking associations and banks located or doing business within the state, and all income therefrom and the shares, shares of stock or other evidence of ownership of corporations holding stock of a national banking association or bank located or doing business in Kansas, to the extent the income of such corporation is attributable to dividends received on such stock, and all income therefrom, shall be exempt from the tax imposed on moneys, notes and other evidences of debt by K.S.A. 79-3109 and any amendments thereof.History: L. 1963, ch. 463, § 8; L. 1970, ch. 390, § 2; July 1.
KS Stat § 79-1115 (2021)
2021 Kansas Statutes|Chapter 79 - Taxation|Article 11 - Banks, Banking Businesses, Trust Companies And Savings And Loan Associations|79-1115 Application of 79-1107 and 79-1108.

79-1115. Application of 79-1107 and 79-1108. The provisions of this act shall be applicable to all taxable years commencing after December 31, 1970.History: L. 1970, ch. 382, § 3; July 1.
KS Stat § 79-1116 (2021)
2021 Kansas Statutes|Chapter 79 - Taxation|Article 11 - Banks, Banking Businesses, Trust Companies And Savings And Loan Associations|79-1116 Application of 79-1107, 79-1108 and 79-1109.

79-1116. Application of 79-1107, 79-1108 and 79-1109. The provisions of this act shall be applicable to all taxable years commencing after December 31, 1972.History: L. 1972, ch. 360, § 1; July 1.
KS Stat § 79-1117 (2021)
2021 Kansas Statutes|Chapter 79 - Taxation|Article 11 - Banks, Banking Businesses, Trust Companies And Savings And Loan Associations|79-1117 Credit against tax for making certain property used in trade or business or held for production of income accessible to persons with a disability; amount; carryover to subsequent taxable years.

79-1117. Credit against tax for making certain property used in trade or business or held for production of income accessible to persons with a disability; amount; carryover to subsequent taxable years. Any taxpayer who makes expenditures for the purpose of making all or any portion of an existing building or facility accessible to persons with a disability, which building or facility is on real property located in this state and used in a trade or business or held for the production of income, shall be entitled to claim a tax credit in an amount equal to 50% of such expenditures or, the amount of $10,000, whichever is less, against the tax liability imposed against such taxpayer pursuant to K.S.A. 79-1106 to 79-1116, inclusive, and amendments thereto. Such tax credit shall be deducted from the taxpayer's tax liability for the taxable year following the year in which the expenditures are made by the taxpayer. If the amount of such tax credit exceeds the taxpayer's tax liability for such taxable year, the amount thereof which exceeds such tax liability may be carried over for deduction from the taxpayer's tax liability in the next succeeding taxable year or years until the total amount of the tax credit has been deducted from tax liability, except that no such tax credit shall be carried over for deduction after the fourth taxable year succeeding the taxable year in which the expenditures are made.History: L. 1978, ch. 409, § 5; L. 1994, ch. 173, § 2; July 1.
KS Stat § 79-1120 (2021)
2021 Kansas Statutes|Chapter 79 - Taxation|Article 11 - Banks, Banking Businesses, Trust Companies And Savings And Loan Associations|79-1120 Recapture tax; definitions.

79-1120. Recapture tax; definitions. As used in K.S.A. 79-1120 to 79-1125, unless the context otherwise requires: (a) "Refund" means a reimbursement by the director of taxation of taxes paid pursuant to the provisions of K.S.A. 79-1106 et seq., including any interest accrued thereon, which reimbursement is made pursuant to a judicial order of any court of competent jurisdiction finding that: (1) Any of the provisions of K.S.A. 79-1106 et seq. is discriminatory in a manner prohibited under 31 U.S.C. § 742; or (2) any of the provisions of K.S.A. 79-1106 et seq. is unconstitutional; or (3) that the tax imposed under K.S.A. 79-1107 or K.S.A. 79-1108 is otherwise invalid;(b) "Aggregate recapture rate" means one hundred percent (100%) plus the percentage determined by the director of taxation to equal the proportion that income received from securities and obligations of the United States or authorities, commissions or instrumentalities thereof by all institutions subject to taxation under the provisions of K.S.A. 79-1106 et seq. bears to the total federal income received by all such institutions during the period or periods for which refunds are paid;(c) "Claimant's adjustment factor" means a percentage determined by the director of taxation to equal the proportion that income received from securities and obligations of the United States or authorities, commissions or instrumentalities thereof by the institution receiving the refund bears to the total federal income of such institution during the period or periods for which the refund was received.History: L. 1979, ch. 314, § 3; July 1.
KS Stat § 79-1121 (2021)
2021 Kansas Statutes|Chapter 79 - Taxation|Article 11 - Banks, Banking Businesses, Trust Companies And Savings And Loan Associations|79-1121 Same; imposition; computation of amount.

79-1121. Same; imposition; computation of amount. A recapture tax, in an amount computed as herein provided, shall be imposed on any refund, as defined in K.S.A. 79-1120, received by any national banking association, state bank, trust company or savings and loan association, in the year in which such refund is received. The amount of such tax shall be computed as follows:(a) Multiply the amount of the refund received by the aggregate recapture rate;(b) Multiply the amount of the refund received by the claimant's adjustment factor;(c) Subtract the product obtained under subsection (b) from the product obtained under subsection (a);(d) The tax shall be in an amount equal to the lesser of the amount determined in subsection (c) or the amount of the refund.History: L. 1979, ch. 314, § 4; July 1.
KS Stat § 79-1122 (2021)
2021 Kansas Statutes|Chapter 79 - Taxation|Article 11 - Banks, Banking Businesses, Trust Companies And Savings And Loan Associations|79-1122 Same; time for assessment and payment; penalties.

79-1122. Same; time for assessment and payment; penalties. The tax imposed under K.S.A. 79-1121 shall be assessed by the director of taxation within sixty (60) days of the payment of a refund. Every national banking association, state bank, trust company or savings and loan association liable for the payment of the tax imposed in K.S.A. 79-1121, shall make payment thereof within thirty (30) days of the date of assessment; and each shall be subject to the penalties imposed on corporations by K.S.A. 79-3228 and K.S.A. 79-3234 insofar as the same can be made applicable.History: L. 1979, ch. 314, § 5; July 1.
KS Stat § 79-1123 (2021)
2021 Kansas Statutes|Chapter 79 - Taxation|Article 11 - Banks, Banking Businesses, Trust Companies And Savings And Loan Associations|79-1123 Administration of act; rules and regulations.

79-1123. Administration of act; rules and regulations. The director of taxation shall administer this act. The secretary of revenue may adopt rules and regulations for the administration of this act.History: L. 1979, ch. 314, § 6; July 1.
KS Stat § 79-1124 (2021)
2021 Kansas Statutes|Chapter 79 - Taxation|Article 11 - Banks, Banking Businesses, Trust Companies And Savings And Loan Associations|79-1124 Same; disposition of moneys; refunds.

79-1124. Same; disposition of moneys; refunds. (a) The director of taxation shall remit all tax moneys collected under the provisions of K.S.A. 79-1120 to 79-1125, and amendments thereto, to the state treasurer in accordance with the provisions of K.S.A. 75-4215, and amendments thereto. Upon receipt of each such remittance, the state treasurer shall deposit the entire amount in the state treasury to the credit of the state general fund.(b) Any refunds of tax paid pursuant to K.S.A. 79-1121, and amendments thereto, shall be made from the privilege tax refund fund created in K.S.A. 79-1112, and amendments thereto.History: L. 1979, ch. 314, § 7; L. 2001, ch. 5, § 444; July 1.
KS Stat § 79-1126 (2021)
2021 Kansas Statutes|Chapter 79 - Taxation|Article 11 - Banks, Banking Businesses, Trust Companies And Savings And Loan Associations|79-1126 Credit against tax for interest rate reduction for agricultural production loan.

79-1126. Credit against tax for interest rate reduction for agricultural production loan. (a) On and after the effective date of this act and prior to July 1, 1990, a state bank or national banking association which extends or renews an agricultural production loan under the provisions of this act to an eligible agricultural borrower at an interest rate which is at least one whole percentage point less than the prime interest rate then specified by the bank on such loans with equivalent collateral, and a state bank or national banking association which reduces the rate of interest being charged on any outstanding agricultural production loan to an eligible agricultural borrower by at least one whole percentage point shall receive a credit against its tax liability pursuant to K.S.A. 79-1106 et seq., for taxable years commencing after December 31, 1987, to the extent hereinafter provided. Such tax credit shall be allowed for such interest rate reductions upon agricultural production loans having a total principal amount not exceeding 15% of the amount of such loans reflected in the bank's report of condition filed with the federal deposit insurance corporation as of December 31, 1985.(b) For the purposes of this section, the term "eligible agricultural borrower" means any person, partnership or family farm corporation, as defined in K.S.A. 17-5903, and amendments thereto, located in the state of Kansas, having an agricultural production loan which has been classified as substandard or doubtful by any banking regulator, the farm credit administration or a district farm credit system institution which is subject to review by the farm credit administration.(c) An interest rate reduction may be applied under the provisions of this section only when the eligible borrower can be reasonably expected to service the principal and interest for the term of such person's loan.(d) The total credit against tax liability shall be the amount by which the interest income to the state bank or national banking association on and after the effective date of this act and prior to July 1, 1990, has been reduced on such loans because of such reductions in rates of interest, except that the credit allowed as a result of an interest rate reduction on any one agricultural production loan shall not exceed an amount equal to 3% per annum on the unpaid principal balance of the loan. The tax credit allowed for any taxable year shall not exceed 1/5 of the total tax credit of the bank allowed under this act. Unused tax credit shall be carried forward as a credit to the bank's tax liability in each subsequent taxable year and shall then be taken into account, subject to the limitation that the credit in any one taxable year may not exceed 1/5 of the total tax credit.History: L. 1986, ch. 367, § 1; L. 1987, ch. 54, § 15; L. 1988, ch. 376, § 1; L. 1989, ch. 292, § 1; April 18.
KS Stat § 79-1129 (2021)
2021 Kansas Statutes|Chapter 79 - Taxation|Article 11 - Banks, Banking Businesses, Trust Companies And Savings And Loan Associations|79-1129 Same; procedures and methodology in determining allocable and apportionable income.

79-1129. Same; procedures and methodology in determining allocable and apportionable income. (a) Except as otherwise specifically provided, a financial institution whose business activity is taxable both within and without this state shall allocate and apportion its net income as provided in this act. All items of nonbusiness income, income which is not includable in the apportionable income tax base, shall be allocated pursuant to the provisions of K.S.A. 79-3274 through 79-3278 and amendments thereto. A financial institution organized under the laws of a foreign country, the commonwealth of Puerto Rico, or a territory or possession of the United States whose effectively connected income, as defined under the federal internal revenue code, is taxable both within this state and within another state, other than the state in which it is organized, shall allocate and apportion its net income as provided in this act and its apportionment factors shall include the part of its property, payroll and receipts that is related to its apportionable income.(b) All business income, income which is includable in the apportionable income tax base, shall be apportioned to this state by multiplying such income by the apportionment percentage. The apportionment percentage is determined by adding the taxpayer's receipts factor, as described in K.S.A. 79-1130, property factor, as described in K.S.A. 79-1131, and payroll factor, as described in K.S.A. 79-1132, together and dividing the sum by three. If one of the factors is missing, the two remaining factors are added and the sum is divided by two. If two of the factors are missing, the remaining factor is the apportionment percentage. A factor is missing if both its numerator and denominator are zero, but it is not missing merely because its numerator is zero.(c) Each factor shall be computed according to the method of accounting, cash or accrual basis, used by the taxpayer for the taxable year.(d) If the allocation and apportionment provisions of this act do not fairly represent the extent of the taxpayer's business activity in this state, the taxpayer may petition for or the secretary of revenue may require, in respect to all or any part of the taxpayer's business activity, if reasonable:(1) Separate accounting;(2) the exclusion of any one or more of the factors;(3) the inclusion of one or more additional factors which will fairly represent the taxpayer's business activity in this state; or(4) the employment of any other method to effectuate an equitable allocation and apportionment of the taxpayer's income.(e) In the event a combined report is utilized to determine the Kansas income attributable to a unitary group of financial institutions, the financial institutions in the combined group shall include only those institutions which have a branch or office in Kansas.History: L. 1996, ch. 270, § 1; July 1.
KS Stat § 79-1132 (2021)
2021 Kansas Statutes|Chapter 79 - Taxation|Article 11 - Banks, Banking Businesses, Trust Companies And Savings And Loan Associations|79-1132 Same; payroll factor defined and described.

79-1132. Same; payroll factor defined and described. (a) General. The payroll factor is a fraction, the numerator of which is the total amount paid in this state during the taxable year by the taxpayer for compensation and the denominator of which is the total compensation paid for both within and without this state during the taxable year. The payroll factor shall include only that compensation which is included in the computation of the apportionable income tax base for the taxable year.(b) Compensation relating to nonbusiness income and independent contractors. The compensation of any employee for services or activities which are connected with the production of nonbusiness income, income which is not includable in the apportionable income base, and payments made to any independent contractor or any other person not properly classifiable as an employee shall be excluded from both the numerator and denominator of the factor.(c) When compensation paid in this state. Compensation is paid in this state if any one of the following tests, applied consecutively, is met:(1) The employee's services are performed entirely within this state;(2) the employee's services are performed both within and without the state, but the service performed without the state is incidental to the employee's service within the state. The term "incidental" means any service which is temporary or transitory in nature, or which is rendered in connection with an isolated transaction;(3) if the employee's services are performed both within and without this state, the employee's compensation will be attributed to this state:(A) If the employee's principal base of operations is within this state; or(B) if there is no principal base of operations in any state in which some part of the services are performed, but the place from which the services are directed or controlled is in this state; or(C) if the principal base of operations and the place from which the services are directed or controlled are not in any state in which some part of the service is performed but the employee's residence is in this state.History: L. 1996, ch. 270, § 5; July 1.
KS Stat § 79-1133 (2021)
2021 Kansas Statutes|Chapter 79 - Taxation|Article 11 - Banks, Banking Businesses, Trust Companies And Savings And Loan Associations|79-1133 Tax upon cessation of business as financial institution; computation.

79-1133. Tax upon cessation of business as financial institution; computation. For taxpayers described in K.S.A. 79-1106, and amendments thereto, a tax is hereby imposed for the privilege of engaging in transactions or activity incidental or related to the cessation of doing business in this state, including cessation due to merger, consolidation, other combination, dissolution, liquidation or any other event. Such tax shall be measured by the net income for the tax year in which the taxpayer ceases to do business and shall be computed using the same applicable rates provided by K.S.A. 79-1107 or 79-1108, and amendments thereto. Such tax shall be due and owing within six months of the date on which the taxpayer ceases to do business. This section shall apply to all such privileges occurring on or after July 1, 1996.History: L. 1996, ch. 270, § 6; July 1.
KS Stat § 79-1134 (2021)
2021 Kansas Statutes|Chapter 79 - Taxation|Article 11 - Banks, Banking Businesses, Trust Companies And Savings And Loan Associations|79-1134 Supplemental to 79-1106 et seq.

79-1134. Supplemental to 79-1106 et seq. K.S.A. 79-1128 through 79-1133 shall be and constitute a part of and shall be supplemental to the privilege tax statutes enacted at K.S.A. 79-1106 et seq., and amendments thereto.History: L. 1996, ch. 270, § 8; July 1.