HB2442

Kansas HB2442 amends the state's income tax law to change the apportionment method for business income of manufacturers of alcoholic liquor, using.

Kansas HB2442 modifies the state's income tax regulations to alter the apportionment of business income for manufacturers of alcoholic liquor. Specifically, the bill changes the method used to apportion business income from a combination of property, payroll, and sales factors to the single sales factor. This change applies to tax years commencing on or after January 1, 2027. The bill also includes provisions for the calculation of the sales factor and the application of this new apportionment method to unitary groups of businesses.