40-2802. Same; tax in lieu of ad valorem levies.
51 words·~1 min read·
/ks/chapter-40/40-2802A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
40-2802. Same; tax in lieu of ad valorem levies. The tax levied under the provisions of this act shall be in lieu of ad valorem taxes which might otherwise be imposed by the state or political subdivisions thereof upon shares of capital stock and other intangible assets owned by such company.