§ 79-1105c Taxation of the business of banking; prohibiting certain taxes; right to protest payment of taxes
§ 79-1106 Taxation of national banking associations, banks, trust companies and savings and loan associations; purpose of act
§ 79-1107 National banking associations and state banks; tax imposed; rate
§ 79-1108 Trust companies and savings and loan associations; tax imposed; rate
§ 79-1109 “Net income” defined; deductions
§ 79-1109a Application of K.S.A. 79-1107 and 79-1109
§ 79-1110 Taxation of national banking associations, banks, trust companies and savings and loan associations; procedure for returns; tax payment; laws applicable
§ 79-1110a Application of K.S.A. 79-1110
§ 79-1111 Same; administration of act; rules and regulations
§ 79-1112 Disposition of tax moneys; privilege tax refund fund established; refunds
§ 79-1113 National banking associations and banks and corporations holding stock therein; exemption from intangibles tax
§ 79-1115 Application of K.S.A. 79-1107 and 79-1108
§ 79-1116 Application of K.S.A. 79-1107, 79-1108 and 79-1109
§ 79-1117 Credit against tax for making certain property used in trade or business or held for production of income accessible to persons with a disability; amount; carryover to subsequent taxable years
§ 79-1119 Reports, statements, lists and returns; preservation; confidentiality, exceptions; performance of certain activities by administrative personnel unlawful; penalties for violations
§ 79-1120 Recapture tax; definitions
§ 79-1121 Same; imposition; computation of amount
§ 79-1122 Same; time for assessment and payment; penalties
§ 79-1123 Administration of act; rules and regulations
§ 79-1124 Same; disposition of moneys; refunds
§ 79-1126 Credit against tax for interest rate reduction for agricultural production loan
§ 79-1126a Credit against tax for interest rate reductions on certain agricultural production loans
§ 79-1127 Estimated tax; manner of payment; penalties
§ 79-1128 Allocation and apportionment of income of financial institutions engaged in multi-state business activities; definitions
§ 79-1129 Same; procedures and methodology in determining allocable and apportionable income
§ 79-1130 Same; receipts factor defined and described
§ 79-1131 Same; property factor defined and described
§ 79-1132 Same; payroll factor defined and described
§ 79-1133 Tax upon cessation of business as financial institution; computation
§ 79-1134 Supplemental to K.S.A. 79-1106 et seq
§ 79-1135 Consolidated returns or combined reports required, when
§ 79-1136 Application of act

Terms Used In Kansas Statutes > Chapter 79 > Article 11 - Banks, Banking Businesses, Trust Companies and Savings and Loan Associations

  • Amortization: Paying off a loan by regular installments.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. Source: OCC
  • Interest: means interest on indebtedness attributed to Kansas and incurred in the ordinary course of the active conduct of any business and interest on indebtedness incurred that is secured by a single family residence;

    (2) "qualified agricultural real estate loans" means loans made on real property that is substantially used for the production of one or more agricultural products and that:

    (A) Have maturities of not less than five years and not more than 40 years;

    (B) are secured by a first lien interest in real estate, except that the loans may be secured by a second lien interest if the institution also holds the first lien on the property; and

    (C) have an outstanding loan balance when made that is less than 85% of the appraised value of the real estate, except that a loan for which private mortgage insurance is obtained may exceed 85% of the appraised value of the real estate to the extent the loan amount in excess of 85% is covered by such insurance;

    (3) "single family residence" means a residence that:

    (A) Is the principal residence of its occupant;

    (B) is located in Kansas, in a rural area as defined by the United States department of agriculture that is not within a metropolitan statistical area and has a population of 2,500 or less as determined by the most recent census for which data is available; and

    (C) is purchased or improved with the proceeds of the loan;

    (4) "net interest income received from qualified agricultural real estate loans attributed to Kansas" means the product of the ratio of the interest income earned on qualified agricultural real estate loans over total interest income earned, in relation to the net income of the national banking association, state bank, trust company or savings and loan association without regard to this deduction; and

    (5) "net interest income received from single family residence loans attributed to Kansas" means the product of the ratio of the interest income earned on single family residence loans over total interest income earned, in relation to the net income of the national banking association, state bank, trust company or savings and loan association without regard to this deduction. See Kansas Statutes 79-1109

  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Month: means a calendar month, unless otherwise expressed. See Kansas Statutes 77-201
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • net income: means the Kansas taxable income of corporations as defined in Kan. See Kansas Statutes 79-1109
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Personal property: includes money, goods, chattels, evidences of debt and things in action, and digital assets as defined in the revised uniform fiduciary access to digital assets act, Kan. See Kansas Statutes 77-201
  • Personal property: All property that is not real property.
  • Property: includes personal and real property. See Kansas Statutes 77-201
  • real property: include lands, tenements and hereditaments, and all rights to them and interest in them, equitable as well as legal. See Kansas Statutes 77-201
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Residence: means the place which is adopted by a person as the person's place of habitation and to which, whenever the person is absent, the person has the intention of returning. See Kansas Statutes 77-201
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201