SB268 — Clarifying modifications for certain business interest expenses and federal net operating loss carrybacks and providing a technical change to a statutory cross reference for recaptured moneys related to adoption savings accounts for purposes of Kansas income tax.

SB268 — Clarifying modifications for certain business interest expenses and federal net operating loss carrybacks and providing a technical change to a statutory cross reference for recaptured moneys related to adoption savings accounts for purposes of Kansas income tax. · Informed CitizenrySB 268 amends Kansas income tax law to clarify rules regarding business interest expenses, federal net operating loss (NOL) carrybacks, and adoption savings accounts. Specifically, it provides that…Open in Informed Citizenry