Printable Format79-3206.
History: L. 1933, ch. 320, § 6; L. 1935, ch. 312, § 3; L. 1937, ch. 370, § 2; L. 1949, ch. 480, § 2; L. 1953, ch. 434, § 1; L. 1955, ch. 417, § 2; L. 1958, ch. 63, § 1 (Budget Session); L. 1960, ch. 59, § 1; L. 1963, ch. 484, § 1; L. 1965, ch. 523, § 2; L. 1966, ch. 44, § 1 (Budget Session); Repealed, L. 1967, ch. 497, § 42; January 1, 1968.
CASE ANNOTATIONS
1. Deductions allowable to corporation operating within and without state determined. Union Pac. Rld. Co. v. State Tax Comm., 145 Kan. 715, 720, 723, 725, 68 P.2d 1.
2. Tax commission's order disallowing in part deductions claimed for "ordinary and necessary expenses" upheld. Nutrene Mills, Inc. v. State Tax Comm., 150 Kan. 68, 70, 91 P.2d 15.
3. Clause (a)(2) construed; valid; interest paid on bonds owned by stockholders not deductible. Natural Gas Pipe Line Co. v. Commission of Revenue and Taxation, 155 Kan. 416, 418, 421, 125 P.2d 397.
4. Management fee and interest on bonds properly disallowed as deduction. Wyandotte County Gas Co. v. Commission of Revenue and Taxation, 155 Kan. 619, 620, 622, 625, 127 P.2d 481.
5. Readjustment of 1945 state return based on 1948 federal refund improperly made. Aircraft Steel and Supply Co. v. State Comm. of Revenue & Taxation, 173 Kan. 524, 525, 527, 249 P.2d 664.
6. Taxpayer on accrual basis; federal refund constitutes income for year when right to refund accrues (but see 1955 amendment of K.S.A. 79-3205). Beech Aircraft Corp. v. State Comm. of Rev. and Taxation, 177 Kan. 754, 756, 757, 759, 282 P.2d 432.
7. Method of computing limitation on oil and gas well depletion deduction determined. Producers Pipe & Supply Co. v. State Commission of Revenue and Taxation, 179 Kan. 231, 232, 233, 234, 293 P.2d 1003.
8. Allocating corporate gross income has no relation to determination of deductions; "paid or incurred" and "paid or accrued" refer to amount of federal income tax paid. Northern Natural Gas Producing Co. v. McCoy, 197 Kan. 740, 745, 746, 421 P.2d 190. Modified: 198 Kan. 79, 422 P.2d 564.
9. Prior law cited in case concerning payment of federal income tax by subsidiary to parent company and claim of a federal income tax credit as a deduction on Kansas return. Cities Service Gas Co. v. McDonald, 204 Kan. 705, 709, 466 P.2d 277.