79-3280.
Same; property factor defined.
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.
History:
L. 1963, ch. 485, § 10; April 25.
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, 518 P.2d 453.
Pioneer Container Corp. v. Beshears, 684 P.2d 396 (Kan. 1984). “K.S.A. 79-3280 defines the property factor in this fashion: “ ‘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…”
Amoco Prod. Co. v. Armold, Dir. of Taxation, 518 P.2d 453 (Kan. 1974). “K.S.A. 79-3280 defines the property factor in this fashion: "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…”
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