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.
K.S.A. 9-2327
Tax classification as determined under the federal internal revenue code
L. 2021, ch. 80, § 27; July 1.
Official source: Kansas Office of Revisor of Statutes. Reproduced from public-domain Kansas statutes; confirm against the official source for the current text. Not legal advice.