Kansas Statutes 79-32,141. Allocation of income and deductions
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Terms Used In Kansas Statutes 79-32,141
- Director: means the director of taxation. See Kansas Statutes 79-32,109
The director may allocate gross income, deductions, credits, or allowances between two or more organizations, trades or businesses (whether or not incorporated, or organized in the United States or affiliated) owned or controlled directly or indirectly by the same interests, if the director determines such allocation is necessary to prevent evasion of taxes or to clearly reflect income of the organizations, trades or businesses.