Kansas § 58-9a-309 Special tax benefits; other rules

Kansas Statutes

§ 58-9a-309 — Special tax benefits; other rules

Kansas § 58-9a-309

Ch. 58PERSONAL AND REAL PROPERTY

Art. 9aUNIFORM FIDUCIARY INCOME AND PRINCIPAL ACT

This text of Kansas § 58-9a-309 (Special tax benefits; other rules) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 58-9a-309 (2026).

Text

(a)A unitrust policy may:

(1)Provide methods and standards for:

(A)Determining the timing of distributions;

(B)making distributions in cash or in kind or partly in cash and partly in kind; or

(C)correcting an underpayment or overpayment to a beneficiary based on the unitrust amount if there is an error in calculating the unitrust amount;

(2)specify sources and the order of sources, including categories of income for federal income tax purposes, from which distributions of a unitrust amount are paid; or

(3)provide other standards and rules the fiduciary determines serve the interests of the beneficiaries.

(b)If a trust qualifies for a special tax benefit or a fiduciary is not an independent person:

(1)The unitrust rate established under K.S.A. 2024 Supp. 58-9a-306, and amendments t

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(a) A unitrust policy may:
(1) Provide methods and standards for:
(A) Determining the timing of distributions;
(B) making distributions in cash or in kind or partly in cash and partly in kind; or
(C) correcting an underpayment or overpayment to a beneficiary based on the unitrust amount if there is an error in calculating the unitrust amount;
(2) specify sources and the order of sources, including categories of income for federal income tax purposes, from which distributions of a unitrust amount are paid; or
(3) provide other standards and rules the fiduciary determines serve the interests of the beneficiaries.
(b) If a trust qualifies for a special tax benefit or a fiduciary is not an independent person:
(1) The unitrust rate established under K.S.A. 2024 Supp. 58-9a-306, and amendments thereto, may not be less than 3% or more than 5%;
(2) the only provisions of K.S.A. 2024 Supp. 58-9a-307 that apply are K.S.A. 2024 Supp. 58-9a-307(a) and (b)(1), (4), (5)(A) and (9), and amendments thereto;
(3) the only period that may be used under K.S.A. 2024 Supp. 58-9a-308 is a calendar year under K.S.A. 2024 Supp. 58-9a-308(a)(1), and amendments thereto; and
(4) the only other provisions of K.S.A. 2024 Supp. 58-9a-308 that apply are K.S.A. 2024 Supp. 58-9a-308(b)(2)(A) and (3), and amendments thereto.