KS - Franchise Tax

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Kansas Franchise Tax

Beginning with Tax Year 2004, the Kansas Department of Revenue will administer the Kansas Franchise Tax. Previously the Kansas Franchise Tax was administered by the Kansas Secretary of State's office. Annual Reports and the Franchise Fee should continue to be sent to the Kansas Secretary of State's office.

Who Must File

A Kansas Franchise Tax return must be filed with Form K-150 by any of the following entities that are duly registered and authorized to do business in Kansas by the Secretary of State, regardless of whether such entity has a franchise tax liability:

  • foreign or domestic for profit corporation which has taxable equity attributable to Kansas of $100,000 or more.
  • foreign or domestic professional corporation or association which has taxable equity attributable to Kansas of $100,000 or more.
  • foreign or domestic limited liability company which has net capital accounts located or used in Kansas at the end of the preceeding taxable year as required to be reported on the federal partnership return of income of $100,000 or more.
  • foreign or domestic limited partnership which has net capital accounts located or used in Kansas at the end of the preceding taxable year as required to be reported on the federal partnership return of income of $100,000 or more.
  • foreign or domestic limited liability partnership which has net capital accounts located or used in Kansas at the end of the preceding taxable year as required to be reported on the federal partnership return of income of $100,000 or more.
  • foreign or domestic one-member limited liability company taxed as a sole proprietorship which has net book value of the limited liability company as calculated on an income tax basis located or used in Kansas at the end of the preceeding taxable year of $100,000 or more.
  • domestic business trust which has corpus as shown on its balance sheet at the end of the preceding taxable year as required to be reported to the Secretary of Revenue of $100,000 or more.
  • foreign business trust which has a corpus which is located in or which it uses or intends to use in Kansas as shown on its balance sheet at the end of the preceding taxable year as required to be reported to the Secretary of Revenue of $100,000 or more.

Franchise Tax Rate

For business entities filing annual reports for Tax Year Ends of December 31, 2004, and after, the Franchise Tax rate is 0.125%, with a maximum Franchise Tax of $20,000. This rate is established in Kansas Stat. Ann. § 79-5401.

When To File & Pay

The Kansas Franchise Tax return is due by the 15th day of the fourth month following the end of the entity's tax year. For calendar filers, the return is due by April 15. If the due date falls on a Saturday, Sunday, or legal holiday, the return is due the next regular workday.

Where to File

Kansas Franchise Tax
Kansas Department of Revenue
915 SW Harrison St.
Topeka, KS 66699-5000

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