Providing for the apportionment of business income by manufacturers of alcoholic liquor depending on whether the taxpayer is a qualifying Kansas investor or a general manufacturer and removing obsolete reference to global intangible low-taxed income provided for under the federal internal revenue code in determining Kansas adjusted gross income.

All provisions regarding the prohibition of state agencies becoming receivers for insolvent technology-enabled fiduciary financial institutions were deleted.

New tax apportionment rules were added for railroads, interstate motor carriers, and general taxpayers, specifying how to calculate taxable income based on property, payroll, and sales factors.

New eligibility criteria were established for 'qualifying taxpayers' who can elect a simplified two-factor apportionment method if their payroll exceeds a specific threshold relative to their property and sales factors.

Special tax rules were added for investment funds service corporations, allowing them to apportion income based on the residency of fund shareholders rather than standard business factors.

The bill now defines terms related to tax apportionment methods, such as 'qualifying taxpayer' and 'distressed area taxpayer,' replacing the previous definitions of financial institutions and alternative assets.