79-4602. Same; distribution required. Each corporation which is a "private foundation" as defined in § 509 of the internal revenue code of 1954 shall distribute, for the purposes specified in its articles of organization, for each taxable year, amounts at least sufficient to avoid liability for the tax imposed by § 4942 (a) of the internal revenue code of 1954.
History: L. 1971, ch. 313, § 2; July 1.
Structure Kansas Statutes
Article 46 - Private Foundations
79-4601 Private foundation; corporation as; acts prohibited.
79-4602 Same; distribution required.
79-4603 Application of act; exceptions.
79-4604 Authority of courts and attorney general not impaired.
79-4606 Same; distribution required.
79-4607 Application of act; exceptions.
79-4608 Authority of courts and attorney general not impaired.