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TAXES
 3 Months Ended
Mar. 31, 2020
Income Tax Disclosure [Abstract]  
TAXES TAXES
Components of income tax expense are detailed in the following tables.
Evergy
 
Three Months Ended March 31
2020
 
2019
Current income taxes
(millions)
Federal
$
2.4

 
$
11.9

State
(0.4
)
 
(0.6
)
Total
2.0

 
11.3

Deferred income taxes
 
 
 
Federal
6.0

 
(7.3
)
State
2.8

 
6.3

Total
8.8

 
(1.0
)
Investment tax credit amortization
(0.7
)
 
(1.0
)
Income tax expense
$
10.1

 
$
9.3

Evergy Kansas Central
 
 
 
Three Months Ended March 31
2020
 
2019
Current income taxes
(millions)
Federal
$
24.2

 
$
10.4

State
(0.4
)
 
0.4

Total
23.8

 
10.8

Deferred income taxes
 
 
 
Federal
(18.2
)
 
(3.2
)
State
2.6

 
3.6

Total
(15.6
)
 
0.4

Investment tax credit amortization
(0.4
)
 
(0.7
)
Income tax expense
$
7.8

 
$
10.5

Evergy Metro
 
Three Months Ended March 31
2020
 
2019
Current income taxes
(millions)
Federal
$
11.6

 
$
7.9

State
1.2

 
0.8

Total
12.8

 
8.7

Deferred income taxes
 

 
 

Federal
(9.5
)
 
(5.2
)
State
(0.4
)
 
0.4

Total
(9.9
)
 
(4.8
)
Investment tax credit amortization
(0.3
)
 
(0.2
)
Income tax expense
$
2.6

 
$
3.7


Effective Income Tax Rates
Effective income tax rates reflected in the financial statements and the reasons for their differences from the statutory federal rates are detailed in the following tables.
Evergy
 
 
 
Three Months Ended March 31
2020
 
2019
Federal statutory income tax rate
21.0
 %
 
21.0
 %
Effect of:
 
 
 
COLI policies
(1.6
)
 
(1.8
)
State income taxes
2.3

 
4.6

Flow through depreciation for plant-related differences
(3.9
)
 
(4.4
)
Federal tax credits
(4.5
)
 
(3.9
)
Non-controlling interest
(0.3
)
 
(0.3
)
AFUDC equity
(0.3
)
 
—

Amortization of federal investment tax credits
(0.5
)
 
(0.5
)
Valuation allowance
—

 
(7.0
)
Stock compensation
0.1

 
0.1

Officer compensation limitation
0.1

 
0.2

Other
(0.2
)
 
0.2

Effective income tax rate
12.2
 %
 
8.2
 %

Evergy Kansas Central
 
 
 
Three Months Ended March 31
2020
 
2019
Federal statutory income tax rate
21.0
 %
 
21.0
 %
Effect of:
 
 
 
COLI policies
(3.1
)
 
(3.2
)
State income taxes
2.7

 
5.0

Flow through depreciation for plant-related differences
—

 
(0.1
)
Federal tax credits
(6.6
)
 
(6.1
)
Non-controlling interest
(0.6
)
 
(0.6
)
AFUDC equity
(0.4
)
 
(0.1
)
Amortization of federal investment tax credits
(0.7
)
 
(0.7
)
Valuation allowance
—

 
(2.1
)
Stock compensation
(0.1
)
 
(0.1
)
Other
0.1

 
0.3

Effective income tax rate
12.3
 %
 
13.3
 %

Evergy Metro
 
 
 
Three Months Ended March 31
2020
 
2019
Federal statutory income tax rate
21.0
 %
 
21.0
 %
Effect of:
 
 
 
COLI policies
—

 
(0.1
)
State income taxes
2.2

 
4.9

Flow through depreciation for plant-related differences
(7.7
)
 
(7.2
)
Federal tax credits
(2.4
)
 
(1.5
)
AFUDC equity
(0.2
)
 
—

Amortization of federal investment tax credits
(0.4
)
 
(0.3
)
Stock compensation
(3.6
)
 
1.0

Officer compensation limitation
—

 
0.3

Other
0.4

 
0.3

Effective income tax rate
9.3
 %
 
18.4
 %