Kansas Statutes 79-3664. Same; interest on liabilities reduced
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Terms Used In Kansas Statutes 79-3664
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Upon completion of the managed audit and verification by the director, interest shall be computed at 50% of the rate that would otherwise be imposed for liabilities covered by the audit period. Payment of the tax, penalty and interest shall be made within the time period specified by the director.