Kansas Statutes 79-1106. Taxation of national banking associations, banks, trust companies and savings and loan associations; purpose of act
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Kansas Statutes 79-1106
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
It is hereby declared to be the intention of the legislature to levy a tax on national banking associations, banks, trust companies, federally chartered savings banks and savings and loan associations, which tax shall be in lieu of ad valorem taxes which might otherwise be imposed upon the intangible assets of such national banking associations, banks, trust companies, federally chartered savings banks and savings and loan associations.