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TAXES | 3 Months Ended
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Mar. 31, 2019
Income Tax Disclosure [Abstract] |
TAXES | TAXES Components of income tax expense are detailed in the following tables.
Evergy |
Three Months Ended March 31 | 2019 |  | 2018
Current income taxes | (millions)
Federal | $ | 11.9 |  |  | $ | 0.2 |
State | (0.6 | ) |  | — |
Total | 11.3 |  |  | 0.2 |
Deferred income taxes |  |  |
Federal | (7.3 | ) |  | 5.9 |
State | 6.3 |  |  | 3.7 |
Total | (1.0 | ) |  | 9.6 |
Investment tax credit amortization | (1.0 | ) |  | (0.6 | )
Income tax expense | $ | 9.3 |  |  | $ | 9.2 |
Westar Energy |  |  |
Three Months Ended March 31 | 2019 |  | 2018
Current income taxes | (millions)
Federal | $ | 10.4 |  |  | $ | 0.2 |
State | 0.4 |  |  | — |
Total | 10.8 |  |  | 0.2 |
Deferred income taxes |  |  |
Federal | (3.2 | ) |  | 5.9 |
State | 3.6 |  |  | 3.7 |
Total | 0.4 |  |  | 9.6 |
Investment tax credit amortization | (0.7 | ) |  | (0.6 | )
Income tax expense | $ | 10.5 |  |  | $ | 9.2 |
KCP&L(a) |
Three Months Ended March 31 | 2019 |  | 2018
Current income taxes | (millions)
Federal | $ | 7.9 |  |  | $ | (1.3 | )
State | 0.8 |  |  | (0.5 | )
Total | 8.7 |  |  | (1.8 | )
Deferred income taxes |  |  |  |  |
Federal | (5.2 | ) |  | 3.6 |
State | 0.4 |  |  | 2.0 |
Total | (4.8 | ) |  | 5.6 |
Investment tax credit amortization | (0.2 | ) |  | (0.3 | )
Income tax expense | $ | 3.7 |  |  | $ | 3.5 |
(a)KCP&L amounts are not included in consolidated Evergy for the three months ended March 31, 2018. 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 | 2019 |  | 2018
Federal statutory income tax rate | 21.0 | % |  | 21.0 | %
Effect of: |  |  |
COLI policies | (1.8 | ) |  | (3.1 | )
State income taxes | 4.6 |  |  | 4.2 |
Flow through depreciation for plant-related differences | (4.4 | ) |  | 0.9 |
Federal tax credits | (3.9 | ) |  | (9.5 | )
Non-controlling interest | (0.3 | ) |  | (0.5 | )
AFUDC equity | — |  |  | (0.2 | )
Amortization of federal investment tax credits | (0.5 | ) |  | (0.6 | )
Valuation allowance | (7.0 | ) |  | 2.1 |
Stock compensation | 0.1 |  |  | (1.1 | )
Officer compensation limitation | 0.2 |  |  | — |
Other | 0.2 |  |  | (0.5 | )
Effective income tax rate | 8.2 | % |  | 12.7 | %
Westar Energy |  |  |
Three Months Ended March 31 | 2019 |  | 2018
Federal statutory income tax rate | 21.0 | % |  | 21.0 | %
Effect of: |  |  |
COLI policies | (3.2 | ) |  | (3.1 | )
State income taxes | 5.0 |  |  | 4.2 |
Flow through depreciation for plant-related differences | (0.1 | ) |  | 0.9 |
Federal tax credits | (6.1 | ) |  | (9.5 | )
Non-controlling interest | (0.6 | ) |  | (0.5 | )
AFUDC equity | (0.1 | ) |  | (0.2 | )
Amortization of federal investment tax credits | (0.7 | ) |  | (0.6 | )
Valuation allowance | (2.1 | ) |  | 2.1 |
Stock compensation | (0.1 | ) |  | (1.1 | )
Other | 0.3 |  |  | (0.5 | )
Effective income tax rate | 13.3 | % |  | 12.7 | %
KCP&L |  |  |
Three Months Ended March 31 | 2019 |  | 2018
Federal statutory income tax rate | 21.0 | % |  | 21.0 | %
Effect of: |  |  |
COLI policies | (0.1 | ) |  | — |
State income taxes | 4.9 |  |  | 5.1 |
Flow through depreciation for plant-related differences | (7.2 | ) |  | (6.9 | )
Federal tax credits | (1.5 | ) |  | (2.0 | )
AFUDC equity | — |  |  | (0.3 | )
Amortization of federal investment tax credits | (0.3 | ) |  | (0.4 | )
Stock compensation | 1.0 |  |  | (0.2 | )
Officer compensation limitation | 0.3 |  |  | — |
Other | 0.3 |  |  | (1.4 | )
Effective income tax rate | 18.4 | % |  | 14.9 | %

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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -URI http://asc.fasb.org/topic&trid=2144680 + Details
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