Providing for the apportionment of business income by manufacturers of alcoholic liquor depending on whether the taxpayer is a qualifying Kansas investor or a general manufacturer and removing obsolete reference to global intangible low-taxed income provided for under the federal internal revenue code in determining Kansas adjusted gross income.

This bill changes how certain businesses calculate their income tax. It modifies rules for apportioning business income for manufacturers of alcoholic liquor, creating different methods for "qualifying Kansas investors" and "general manufacturers." The bill also removes an outdated reference to a federal tax provision and reconciles conflicting amendments to existing tax laws.

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