SB 209--
Session of 1997
By Committee on Federal and State Affairs

8 AN ACT relating to income taxation; concerning the definition of state 9 for tax paid credit purposes; amending K.S.A. 79-32,111 and repealing 10 the existing section. 11 12 Be it enacted by the Legislature of the State of Kansas: 13 Section 1. K.S.A. 79-32,111 is hereby amended to read as follows: 14 79-32,111. (a) The amount of income tax paid to another state by a res- 15 ident individual, resident estate or resident trust on income derived from 16 sources in another state shall be allowed as a credit against the tax com- 17 puted under the provisions of this act. Such credit shall not be greater in 18 proportion to the tax computed under this act than the adjusted gross 19 income for such year derived in another state while such taxpayer is a 20 resident of this state is to the total Kansas adjusted gross income of the 21 taxpayer. As used in this subsection, state shall have the meaning ascribed 22 thereto by subsection (h) of K.S.A. 79-3271, and amendments thereto. 23 (b) There shall be allowed as a credit against the tax computed under 24 the provisions of the Kansas income tax act, and acts amendatory thereof 25 and supplemental thereto, on the Kansas taxable income of an individual, 26 corporation or fiduciary the amount determined under the provisions of 27 K.S.A. 79-32,153 to 79-32,158, and amendments thereto. 28 New Sec. 2. The provisions of this act shall be applicable to all tax- 29 able years commencing after December 31, 1996. 30 Sec. 3. K.S.A. 79-32,111 is hereby repealed. 31 Sec. 4. This act shall take effect and be in force from and after its 32 publication in the statute book.