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                                                       KANSAS
K-120EL(Rev. 10-19)
                                              Business Income Election
Business Name                                                                                             Employer Identification Number (EIN)

Number and Street of Principal Office                                                                     Tax year ending date for which
                                                                                                          the election is first effective

City                                                              State              ZIP Code             _____ / _____ / ________

Are you currently doing business in Kansas?          o Yes        o No  If no, and this election is for your first year in Kansas,
enter the date the articles of incorporation, or application for authority to engage in business in Kansas, were filed with the
Secretary of State’s Office:          _____ / _____ ________/

Is the above corporation included in a combined report of unitary corporations?      o No              o Yes    If yes, list the names
and  federal  employer  identification  numbers  of  each  corporation  in  the  space  provided.  If  additional  space  is  needed, 
enclose a separate sheet.

                                              Name of Corporation                                         Employer Identification Number (EIN)

BUSINESS INCOME ELECTION
I hereby elect that all income derived by:    _____________________________________________________________________________
                                                                                     (Name of Corporation)
from the acquisition, management, use or disposal of tangible and intangible property will constitute business income on 
the Kansas income tax return for the above listed taxable year and the subsequent nine taxable years.
I understand that this election is effective and irrevocable and is binding on all members of a unitary group of corporations.
SIGN
HERE  _____________________________________________________             ______________________________       ______________________
                     Signature of Officer                                            Title                        Date

     This election must be sent separately from the income tax return and within the time limits set by law (see instructions on back).
                                            To ensure receipt, send this election by certified mail to:
                                              KANSAS CORPORATE INCOME TAX
                                                                  P O Box 750260
                                                     TOPEKA KS 66699-0260

                           INSTRUCTIONS FOR K-120EL

     GENERAL INFORMATION                                   COMPLETING FORM K-120EL

K.S.A.  79-3288b  provides  taxpayers  with  a         Type  or  print  all  requested  information,  and 
business  income  election  option.  For  all  taxable answer both questions.
years  beginning  after  December  31,  1995,  a 
                                                       The election statement: Note that once made, 
taxpayer may elect to have all income derived from 
                                                       the  election becomes  effective  and  cannot 
the  acquisition,  management,  use  or  disposition 
                                                       be  revoked.  This  business  income  election  is 
of  tangible  and  intangible  property  treated  as 
                                                       binding on all members of a unitary group.
business  income.  The  election  will  be  effective 
and irrevocable for the taxable year of the election   An officer of the business listed at the top of 
and the following nine taxable years. The election     the form must sign this election.
is also binding on all members of a unitary group 
                                                               FILING THE ELECTION
of corporations.
                                                       This  form  must  be  filed  with  the  Kansas 
TIME LIMITS FOR FILING THE ELECTION                    Department  of  Revenue  within  the  time  limits 
The  business  income  election  must  be              established  by  law  for  the  taxpayer’s  filing 
submitted to the Kansas Department of Revenue          situation and must be sent separately from the 
in accordance with these time limits in the law.       Income Tax return.
Not currently doing business in Kansas —               To  ensure  receipt  of  your  election,  mail  the 
Taxpayers doing business in Kansas for the first       completed form by certified mail to:
time that intend to make the election for its initial 
year must file the K-120EL within 60 days after                Kansas Corporate Income Tax
filing the articles of incorporation or application                  PO Box 750260
for  authority  to  engage in  business  with  the             Topeka, KS 66699-0260

Kansas Secretary of State.                             For  questions  regarding  this  form  or  others, 
Currently doing business in Kansas — The               you can write to the address above or contact 
election must be filed on or before the last day of    the the Department of Revenue:
the tax year immediately proceeding the tax year 
for which the election is made. EXAMPLE: If the                Topeka: 785-368-8222
election is for tax year ending December 31, 2017,                   Fax: 785-291-3614
the election must be filed by December 31, 2016.                     ksrevenue.org