Kansas ~ Corporate Income Tax: Permission to End Election to Two-Factor Apportionment Method Granted Individually

CCH Tax Day Report

For corporate income tax purposes, the Kansas Department of Revenue has issued a private letter ruling discussing how to end a two-factor apportionment method election prior to the expiration of the 10-year period. The department stated that there are no specific requirements that must be met prior to the Secretary of Revenue considering such a request. Instead, each request is considered based on its facts and circumstances and decisions are made on a case-by-case basis.

Private Letter Ruling No. P-2016-011, Kansas Department of Revenue, August 15, 2016, ¶201-877

Other References:

Explanations at ¶11-520

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