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79-3274. Apportionment of net income; nonbusiness income allocation. Rents and royalties from real or tangible personal property, capital gains, interest, dividends, or patent or copyright royalties, to the extent that they constitute nonbusiness income, shall be allocated as provided in K.S.A. 79-3275 to 79-3278, inclusive, and amendments thereto. Allocable nonbusiness income shall be limited to the total nonbusiness income received which is in excess of any related expenses which have been allowed as a deduction during the income year.

History: L. 1963, ch. 485, § 4; L. 1984, ch. 351, § 14; July 1.

Law Review and Bar Journal References:

Toni M. Ruo, "Not (Taxable) in Kansas Anymore: A Statutory Analysis of K.S.A. § 79-3271(a) and Its Application to the Gain on Sale of a Nondomiciliary Taxpayer’s Pass-Through Equity Interest," 70 U. KAN. L. REV. 753 (2022).

CASE ANNOTATIONS

1. Income from sale of oil and gas leases constituted nonbusiness income from intangible personal property; taxable at commercial domicile. Western Natural Gas Co. v. McDonald, 202 Kan. 98, 99, 446 P.2d 781.


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