(a) The director of taxation shall remit all tax moneys collected under the provisions of Kan. Stat. Ann. §§ 79-1120 to 79-1125, and amendments thereto, to the state treasurer in accordance with the provisions of Kan. Stat. Ann. § 75-4215, and amendments thereto. Upon receipt of each such remittance, the state treasurer shall deposit the entire amount in the state treasury to the credit of the state general fund.

(b) Any refunds of tax paid pursuant to Kan. Stat. Ann. § 79-1121, and amendments thereto, shall be made from the privilege tax refund fund created in Kan. Stat. Ann. § 79-1112, and amendments thereto.