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HB2336: Providing for the apportionment of business income by the single sales factor and the apportionment of financial institution income by the receipts factor, deductions from income when using the single sales factor and receipts factor, the decrease in corporate income tax rates determining when sales other than tangible personal property are made in the state and excluding sales of a unitary business group of electric and natural gas public utilities.
In CommitteeHouse
Introduced
In Committee
Passed Chamber
Passed Both
Signed
Plain-Language Summary
This bill changes how Kansas calculates business income tax for companies that sell intangible goods and services. It also updates rules for financial institutions.
Who This Affects
Kansas-based businesses that sell intangible goods or services will be affected by this change. This includes tech startups, software developers, and other companies that don't deal in physical products.
Key Provisions
• The bill uses a 'single sales factor' to calculate business income tax for companies that sell intangible goods and services.
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Timeline
Introduced
Thursday, February 6, 2025
Last Action
Senate Hearing: Wednesday, February 25, 2026, 9:30 AM Room 548-S
Feb 24, 2026
Sponsors
No sponsors listed.
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