Webb Resources, Inc. v. McCoy

The opinion of the court was delivered by

Schroeder, J.:

This is an appeal by the director of revenue from an adverse ruling in the lower court under the Kansas income tax law as .applied to a multi-state corporation whose gross income is derived from property located and business transacted in part within and in part without the state of Kansas.

Hie principal question involves the proper method of determining the corporation s income allocable to Kansas for income tax purposes.

In accordance with the facts hereafter stated, the director of internal revenue of the state of Kansas assessed…