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HB 2336

Kansas - Session 2025-2026

House in_committee 2026-02-18
Bill Details

Title: HB2336 - Providing for the apportionment of business income by the single sales factor and the apportionment of financial institution income by the receipts factor, deductions from income when using the single sales factor and receipts factor, the decrease in corporate income tax rates determining when sales other than tangible personal property are made in the state and excluding sales of a unitary business group of electric and natural gas public utilities.

Summary

AN ACT concerning taxation; relating to income and privilege taxes; providing for the apportionment of business income by the single sales factor and the apportionment of financial institution income by the receipts factor; providing for the apportionment pursuant to the three-factor test of a manufacturer who sells alcoholic liquor; requiring the use of single sales factor pursuant to the multistate tax compact; establishing deductions from income when using the single sales factor and receipts factor; providing for the decrease in corporate income tax rates; determining when sales other than tangible personal property are made in the state; excluding sales of a unitary business group of electric and natural gas public utilities; amending K.S.A. 79-1129, 79-3271, 79-3279, 79-3287 and 79-4301 and K.S.A. 2024 Supp. 79-32,110 and 79-32,113 and repealing the existing sections.

Sponsor
Committee on Taxation
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-02-07 Introduced Bill introduced
2026-02-18 Status in_committee
2026-02-18 Latest Action Hearing: Wednesday, February 25, 2026, 9:30 AM Room 548-S
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