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What is meant by the wording in the definitions found in K.S.A. 79-5401(f) that refers to property, sales and payroll information from the “next preceding tax period”?

April 26, 2017k.s.a meant payroll Property sales Wording

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What is meant by the wording in the definitions found in K.S.A. 79-5401(f) that refers to property, sales and payroll information from the “next preceding tax period”?

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The phrase “next preceding tax period” refers to the tax year for which the franchise tax return is being filed. It refers to tax year 2008 for franchise tax returns filed in 2009.