16. TAXES

Components of income tax expense are detailed in the following tables.



Great Plains Energy
Three Months Ended March 31	2016			2015
Current income taxes	(millions)
Federal	$	(0.1	)	$	0.5
State	0.2			(0.1		)
Total	0.1			0.4
Deferred income taxes
Federal	9.7			5.1
State	2.3			1.4
Total	12.0			6.5
Investment tax credit amortization	(0.4		)	(0.4		)
Income tax expense	$	11.7		$	6.5



KCP&L
Three Months Ended March 31	2016			2015
Current income taxes	(millions)
Federal	$	0.4		$	(5.7	)
State	0.1			(1.1		)
Total	0.5			(6.8		)
Deferred income taxes
Federal	8.4			8.3
State	2.0			2.0
Total	10.4			10.3
Investment tax credit amortization	(0.2		)	(0.2		)
Income tax expense	$	10.7		$	3.3

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.



Great Plains Energy
Three Months Ended March 31	2016		2015
Federal statutory income tax rate	35.0	%	35.0	%
Differences between book and tax depreciation not normalized	0.5		(0.7	)
Amortization of investment tax credits	(0.9	)	(1.4	)
Federal income tax credits	(8.0	)	(10.0	)
State income taxes	4.2		3.3
Other	—		(0.7	)
Effective income tax rate	30.8	%	25.5	%



KCP&L
Three Months Ended March 31	2016		2015
Federal statutory income tax rate	35.0	%	35.0	%
Differences between book and tax depreciation not normalized	0.4		(0.5	)
Amortization of investment tax credits	(0.7	)	(1.6	)
Federal income tax credits	(7.8	)	(15.2	)
State income taxes	3.9		3.7
Other	(0.5	)	(1.7	)
Effective income tax rate	30.3	%	19.7	%