Kansas Statutes

§ 79-3280 — Same; property factor defined

Kansas·Ch. 79 TAXATION·Art. 32 INCOME TAX
The property factor is a fraction, the numerator of which is the average value of the taxpayer's real and tangible personal property owned or rented and used in this state during the tax period and the denominator of which is the average value of all the taxpayer's real and tangible personal property owned or rented and used during the tax period.

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Related

Amoco Production Co. v. Armold, Director of Taxation
518 P.2d 453 (Supreme Court of Kansas, 1974)
43 case citations
Pioneer Container Corp. v. Beshears
684 P.2d 396 (Supreme Court of Kansas, 1984)
17 case citations

Legislative History

L. 1963, ch. 485, § 10; April 25.

Nearby Sections

15
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