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SB300

Providing for the apportionment of business income by manufacturers of alcoholic liquor depending on whether the taxpayer is a qualifying Kansas investor or a general manufacturer and removing obsolete reference to global intangible low-taxed income provided for under the federal internal revenue code in determining Kansas adjusted gross income.

Complete·4/10/26

Kansas SB300 modifies business income apportionment for liquor manufacturers based on investor status and removes outdated federal tax references.

Kansas SB300 amends the apportionment of business income for manufacturers of alcoholic liquor, distinguishing between qualifying Kansas investors and general manufacturers. The bill also removes obsolete references to global intangible low-taxed income under the federal internal revenue code in determining Kansas adjusted gross income. This change ensures the state's tax code aligns with current federal tax laws and accurately reflects the economic contributions of different types of liquor manufacturers.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Sponsors

0
0
Democratic CaucusRepublican Caucus

Roll Call Votes

39 Yea

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0 Nay

1 Absent

R

Calendar

Mar 2

9:00 AM

House Financial Institutions and Pensions Hearing

Jan 26

9:30 AM

Senate Financial Institutions and Insurance Hearing

History

Apr 10

House

House Conference committee report now available

Apr 10

House

House Motion to suspend Joint Rule 4 (k) to allow consideration adopted; —

Apr 10

House

House Conference Committee Report was adopted; Yea 121, Nay 0, Absent 4