40-2801. Taxation of insurance companies; rate. Every life, fire and casualty, hail and county mutual fire insurance company organized under the laws of this state, shall annually pay to the state for the privilege of doing business within this state, a tax according to or measured by its net income for the next preceding calendar year. Such tax shall be an amount equal to five percent (5%) of such net income. The provisions of this section shall not apply to net income earned in calendar year 1998 or in any calendar year thereafter.
History: L. 1970, ch. 184, § 1; L. 1997, ch. 175, § 9; July 1.
Structure Kansas Statutes
Article 28 - Taxation Of Companies
40-2801 Taxation of insurance companies; rate.
40-2802 Same; tax in lieu of ad valorem levies.
40-2803 Same; net income defined for computing tax on life insurance companies.
40-2804 Same; net income for purpose of computing tax on other companies.
40-2805 Same; returns and payment of tax; interest for late return.
40-2806 Same; failure to file return or pay tax; interest and penalties; waiver or reduction.
40-2808 Same; rules and regulations.
40-2809 Same; disposition of revenue.
40-2810 Same; political subdivisions prohibited from imposing tax.
40-2811 Same; exemption of certain companies, lodges, societies and associations.