Kansas Might Repeal Multistate Tax Compact Provisions

Legislation proposed in the  Kansas House of Representatives might prevent taxpayers from using the apportionment rules under the Multistate Tax Compact (MTC). The apportionment rules determine business income and allocate income tax liability among states.

Proposed MTC Repeal Retroactive

Also, the legislation states that the Kansas Income Tax Act should supersede the MTC in the event of a conflict between the Act and the MTC. These amendments would be retroactive to tax years after 2007.

H.B. 2489, as introduced in the Kansas House of Representatives, January 17, 2018

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All stories by: CCHTaxGroup