Same; imposition; computation of amount

79-1121. Same; imposition; computation of amount. A recapture tax, in an amount computed as herein provided, shall be imposed on any refund, as defined in K.S.A. 79-1120, received by any national banking association, state bank, trust company or savings and loan association, in the year in which such refund is received. The amount of such tax shall be computed as follows: (a) Multiply the amount of the refund received by the aggregate recapture rate; (b) Multiply the amount of the refund received by the claimant's adjustment factor; (c) Subtract the product obtained under subsection (b) from the product obtained under subsection (a); (d) The tax shall be in an amount equal to the lesser of the amount determined in subsection (c) or the amount of the refund. History: L. 1979, ch. 314, § 4; July 1. Previous | Next LEGISLATIVE COORDINATING COUNCIL General Policies 2026 Archived LCC Documents Archived LCC Meetings REVISOR OF STATUTES Archived Session Documents Archived School Finance Documents USEFUL LINKS Session Laws Kansas Administrative Regulations OTHER LEGISLATIVE SITES Kansas Legislature Administrative Services Division of Post Audit Research Department Contact Us PDF Help www.ksrevisor.gov 2026