Franchise
HOW THE FRANCHISE TAX LAW WORKS
The franchise tax and fee law requires businesses to pay a franchise
tax to the Kansas Department of Revenue and a separate filing
fee to the Secretary of State.
Both are due the 15th day of the fourth month following the tax
year end—e.g. April 15, for entities with a December 31 tax
year end.
Kansas Department of Revenue — Franchise
Tax (Maximum $20,000)
Business entities that have $1,000,000 of net worth or more in
the state must pay to the Kansas Department of Revenue for tax year 2008 a franchise
tax of .09375% of the total net worth. Business entities required
to pay the tax will file a return with the Department of Revenue,
which must be accompanied by the taxpayer’s balance sheet.
Rates:
Tax Year 2007 - .125% (.00125)
Tax Year 2008 - .09375% (.0009375)
Tax Year 2009 - .0625% (.000625)
Tax Year 2010 - .03125% (.0003125)
The franchise tax may be filed electronically or by paper on the Franchise Tax Return, Form K-150. Additional forms and instructions may be obtained at the Web site, or you may call (785) 368-8222 if you have questions about the franchise tax.
Secretary of State — Filing Fee ($55)
The filing fee must be paid to the Kansas
Secretary of State with the entity’s annual report.
Both may be submitted electronically at the Kansas
Business Center. To file the annual
report and pay the filing fee by mail, you may visit the Kansas
Secretary of State's Web site to download and print forms and
instructions. The annual report and $55 fee should be mailed
to:
Kansas Secretary of State
Ron Thornburgh
Memorial Hall, 1st Floor
120 SW 10th Avenue
Topeka, KS 66612-1594
Please note: Do not send your filing fee and annual reports to the Department of Revenue. Your business will forfeit if the correct annual report and filing fee are not received by the Secretary of State on or before your forfeiture date.
Links to Franchise Information: