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If an entity that is subject to the Kansas franchise tax has net worth of less than $1,000,000 is it required to file a franchise tax return?

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If an entity that is subject to the Kansas franchise tax has net worth of less than $1,000,000 is it required to file a franchise tax return?

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No. Beginning with the tax year 2008 entities that are subject to the Kansas franchise tax but which have a net worth of less than $1,000,000 are not required to file a franchise tax return.

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