40-2802. Same; tax in lieu of ad valorem levies. The tax levied under the provisions of this act shall be in lieu of ad valorem taxes which might otherwise be imposed by the state or political subdivisions thereof upon shares of capital stock and other intangible assets owned by such company.
History: L. 1970, ch. 184, ยง 2; Jan. 1, 1971.
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.