2006 Kansas Code - 79-15,134

      79-15,134.   Same; returns; whole-dollar amounts. (a) The director is authorized to provide with respect to any amount required to be shown on a return, statement or any other document, that if the amount of such item is other than a whole-dollar amount either:

      (1)   The fractional part of a dollar shall be disregarded; or

      (2)   the fractional part of a dollar shall be disregarded unless it amounts to $.50 or more, in which case the amount, to be determined without regard to the fractional part of a dollar, shall be increased by $1.

      (b)   Any person making a return, statement or other document shall be allowed, under regulations prescribed by the secretary, to make such return, statement or other document without regard to subsection (a).

      (c)   The provisions of subsections (a) and (b) shall not be applicable to items which must be taken into account in making the computations necessary to determine the amount required to be shown on a form, but shall be applicable only to such final amount.

      History:   L. 2003, ch. 147, § 55; May 22.