17-76,138. Taxation of limited liability companies.
17-76,138
17-76,138. Taxation of limited liability
companies.
For purposes of any tax imposed by the state of Kansas or
any instrumentality,
agency or political subdivision of the state of Kansas, a limited liability
company formed under this
act or qualified to do business in the state of Kansas as a foreign limited
liability company shall be
classified as a partnership unless classified otherwise for federal income tax
purposes, in which case
the limited liability company shall be classified in the same manner as it is
classified for federal
income tax purposes. For purposes of any tax imposed by the state of Kansas or
any instrumentality,
agency or political subdivision of the state of Kansas, a member or an assignee
of a member of a
limited liability company formed under this act or qualified to do business in
the state of Kansas as
a foreign limited liability company shall be treated as either a resident or
nonresident partner unless
classified otherwise for federal income tax purposes, in which case the member
or assignee of a
member shall have the same status as such member or assignee of a member has
for federal income
tax purposes.
History: L. 1999, ch. 119, § 77; Jan. 1, 2000.