79-3272.
Same; allocation and apportionment.
Any taxpayer having income from business activity which is taxable both within and without this state, other than activity as a financial organization or the rendering of purely personal services by an individual, shall allocate and apportion net income as provided in this act.
History:
L. 1963, ch. 485, § 2; L. 1980, ch. 318, § 1; July 1.
CASE ANNOTATIONS
1. Cited in action challenging order requiring multistate corporation to apportion net business income under separate accounting method. Amoco Production Co. v. Armold, Director of Taxation, 213 Kan. 636, 640, 645, 518 P.2d 453.
2. Under transactional test, borrowing money to defend against a hostile takeover is not an expense in regular course of business. In re Tax Appeal of The Kroger Co., 270 Kan. 148, 12 P.3d 889 (2000).
Amoco Prod. Co. v. Armold, Dir. of Taxation, 518 P.2d 453 (Kan. 1974). · cites it 2דK.S.A. 79-3272 of the Uniform Act mandates that any taxpayer (with certain exceptions not pertinent herein) having income from business activity taxable both within and without this state shall allocate and apportion his net income as provided in the Act.”
In Re Appeal of the Kroger Co., 12 P.3d 889 (Kan. 2000). · cites it 3דNeither the Kansas statutes nor the regulations of the KDR define a “nonbusiness expense.”
Pioneer Container Corp. v. Beshears, 684 P.2d 396 (Kan. 1984). ““K.S.A. 79-3272 of the Uniform Act mandates that any taxpayer (with certain exceptions not pertinent herein) having income from business activity taxable both within and without this state shall allocate and apportion his net income as provided in the Act.”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.