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Can you summarize KSST Chapter 79, Article 11?
TAXATION > BANKS, BANKING BUSINESSES, TRUST COMPANIES AND SAVINGS AND LOAN ASSOCIATIONS
Short Summary
These legal documents pertain to the taxation of banks, banking businesses, trust companies, and savings and loan associations in the state of Kansas. They cover various aspects such as the filing of consolidated returns or combined reports, the calculation of the payroll factor, the property factor, and the receipts factor for determining tax liability. The documents also address the allocation and apportionment of net income for financial institutions engaged in multi-state business activities. Additionally, there are provisions for tax credits related to agricultural production loans and accessibility expenditures for persons with disabilities. The documents provide guidelines for the administration of the tax laws, the remittance of tax moneys, and the confidentiality of taxpayer information. Overall, these documents apply to taxpayers described in K.S.A. 79-1106 and provide the framework for taxation and compliance for banks, banking businesses, trust companies, and savings and loan associations in Kansas.
Whom does it apply to?
Taxpayers described in K.S.A. 79-1106 who own, capitalize, or utilize an affiliate for making, holding, or managing investments in securities
What does it govern?
Taxation for banks, banking businesses, trust companies, and savings and loan associations
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No specific penalties are mentioned in these documents.
Jurisdiction
Kansas