9-2327. Tax classification as determined under the federal internal revenue code.
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/ks/chapter-9/9-2327A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
9-2327. Tax classification as determined under the federal internal revenue code. Notwithstanding the provisions of K.S.A. 17-2035 , and amendments thereto, for purposes of any tax imposed by the state or any instrumentality, agency or political subdivision of this state, a business trust that is used in connection with fidfin transactions or custodial services, as defined in K.S.A. 9-2301 , and amendments thereto, and for which a fiduciary financial institution, as defined in K.S.A. 9-2301 , and amendments thereto, serves as trustee shall be classified as a corporation, an association, a partnership, a trust or otherwise, as shall be determined under the federal internal revenue code.