Kan. Admin. Regs. § 92-12-75

Current through Register Vol. 43, No. 46, November 14, 2024

Section 92-12-75 - Definitions

(a) Apportionment means the division of business income between states by the use of a formula containing apportionment factors.

(b) Allocation means the assignment of nonbusiness income to a particular state.

(c) Business activity means the transactions and activity occurring in the regular course of a particular trade or business of a taxpayer.

Kan. Admin. Regs. § 92-12-75

Authorized by K.S.A. 79-3236, 79-3271, 79-3272, 79-4301; effective May 1, 1979.