Kansas Statutes 79-4602. Same; distribution required
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Kansas Statutes 79-4602
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Each corporation which is a “private foundation” as defined in § 509 of the internal revenue code of 1954 shall distribute, for the purposes specified in its articles of organization, for each taxable year, amounts at least sufficient to avoid liability for the tax imposed by § 4942 (a) of the internal revenue code of 1954.