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Form K-34 - Kansas Business and Job Development Credit

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Form K-34 - Kansas Business and Job Development Credit

Answer

The Business and Job Development Credit (K-34) Defined. This credit is a non-refundable tax credit applied against income tax or privilege tax. It is allowable to any Kansas taxpayer who shall invest in a qualified business facility (QBF) and who shall hire a certain number of qualified business facility employees (QBFE) as a direct result of that QBF investment. There is no minimum amount of investment necessary to qualify; however, some investment must have been made.

Schedule K-34 tracks employees and investments for the life of each credit. Schedule K-34, Part B should be completed and submitted for every credit claimed; Parts C and D of the K-34 should be filled out once per facility and added to as needed for the life of the credit.

Business and Job Development Credit K-34 (Rev. 8-11) (ksrevenue.gov)


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Article Details
Views: 1932 Created on: Jun 15, 2013
Date updated: Dec 16, 2021
Posted in: States, Kansas

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