{"data":{"id":"us-ks/k.s.a.-40-252e","jurisdiction":"us-ks","citation":"K.S.A. 40-252e","heading":"Small insurance company credit against premium tax.","body":"For tax years 1998 and thereafter, a foreign or domestic insurance company required to pay a tax on premiums under subsection A, C, D or F of K.S.A. 40-252, and amendments thereto and writing less than $15,000,000 in premiums in all states shall be allowed as a small company credit against such tax the amount computed as follows:\n(a) Subtract the total dollar amount of all premiums written by the company in all states from $15,000,000;\n(b) Divide the result obtained in (a) by 15,000,000;\n(c) Multiply the quotient obtained in (b) by 90,000 with the resulting credit not to exceed $30,000. No credit under this section shall be allowed unless the company has paid salaries for which a salary credit is allowed under K.S.A. 40-252d.\nBefore taking into account any other credit or offset against the tax on premiums imposed under K.S.A. 40-252, and amendments thereto, the employment credit allowed under K.S.A. 40-252d, and amendments thereto and the small company credit allowed under this section, taken together, may not reduce such tax by more than 1% of premiums taxable under K.S.A. 40-252, and amendments thereto, for tax year 1998 or by more than 1.25% of premiums taxable under K.S.A. 40-252, and amendments thereto, for tax years 1999 and thereafter. For purposes of calculating any tax due under K.S.A. 40-253, and amendments thereto, from a taxpayer not organized under the laws of this state, the credit allowed by this section shall be treated as a tax paid under K.S.A. 40-252, and amendments thereto.","path":["Chapter 40.—INSURANCE","Article 2.—GENERAL PROVISIONS"],"source_url":"https://www.ksrevisor.gov/statutes/chapters/ch40/040_002_0052e.html","current_through":"2025 legislative session","vintage":"","retrieved_at":"2026-09-04T15:11:54Z","sha256":"3eb14c144f6e9c934436d7a21e86a057c38af4d44cec3aabd5b50c121eaa1e4e","source_id":"us-ks","stale":false,"prev":"us-ks/k.s.a.-40-252d","next":"us-ks/k.s.a.-40-252f"},"notice":"GroundRules: Original legal text. Not legal advice."}