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Category: Kansas
39 Articles
Orange arrow Kansas Single City Port Authority Form K-76

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  K.S.A. 79-32,212 created an income tax credit in an amount equal to 100% of the amount attributable to the retirement of indebtedness authorized by a single city port authority established before January 1, 2002. Upon certification by Secretary of Revenue of the amount of the credit to the Director...
Posted in: States, Kansas

Orange arrow Kansas Venture Credit K-55

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  A credit may be deducted from a taxpayer’s income or privilege tax liability if the taxpayer invests in stock issued by Kansas Venture Capital, Inc. (K.S.A. 74-8205). The taxpayer may also modify from federal taxable income any dividend income on stock issued by Kansas Venture Capital, Inc. T...
Posted in: States, Kansas

Orange arrow Form K-56 - Kansas Child Day Care Assistance Credit (employers)

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  K.S.A. 79-32,190 provides an income or privilege tax credit if, during the taxable year, the taxpayer: • pays for child day care services for its employees, OR • locates child day care services for its employees, OR • provides facilities and necessary equipment for child day care...
Posted in: States, Kansas

Orange arrow Form K-38 - Kansas Swine Facility Improvement Credit

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  K.S.A. 79-32,204 created the swine facility improvement credit. This income tax credit is 50% of the costs incurred by a taxpayer for required improvements to a qualified swine facility. Any unused credit may be carried forward until used. However, the credit cannot be carried over after the fourth...
Posted in: States, Kansas

Orange arrow Kansas Telecommunications Property/Income Tax Credit K-36

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  Telecommunications Credit K.S.A. 79-32,210 created an income tax credit for property taxes paid by telecommunication companies on property initially acquired and first placed in service after January 1, 2001 that has an assessment rate of 33%. The credit will be equal to the amount of property ta...
Posted in: States, Kansas

Orange arrow Form K-59 - Kansas High Performance Incentive Program Credit

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  Schedule K-59 provides an investment schedule and a carry forward schedule. Please read all directions before completing this schedule. The High Performance Incentive Program (HPIP) provides for two types of credits: 1) Training and Education Credit [K.S.A. 74-50,132]; and, 2) Investment Tax Cred...
Posted in: States, Kansas

Orange arrow Form K-53 - Kansas Research and Development Credit

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  A credit may be deducted from a taxpayer’s Kansas income tax liability if the taxpayer had qualifying expenditures in research and development activities conducted within Kansas (K.S.A. 79- 32,182b). Qualifying expenditures are expenditures made for research and development purposes (other th...
Posted in: States, Kansas

Orange arrow Kansas Alternative Fuel Credit K-62

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  This credit is only available to corporations that are subject to the Kansas corporate income tax (i.e., C corporations) and not available to individuals, partnerships, S corporations, limited liability companies, and other passthrough entities. Carry Forward of Unused Credits: For tax year 2017 a...
Posted in: States, Kansas

Orange arrow Form K-35 - Kansas Historic Preservation Credit

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  K.S.A. 79-32,211 provides a tax credit against the income, privilege or premium tax for certain historic preservation project expenditures. The credit is available to a qualified taxpayer that makes qualified expenditures to restore or preserve a qualified historic structure according to a qualifie...
Posted in: States, Kansas

Orange arrow Kansas Assistive Technology Contribution Credit K-42

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  K.S.A. 65-7101 et seq. established the IDA (Individual Development Account) program for assistive technology. This law also provides a Kansas income tax credit to any person or entity (program contributor) who makes a contribution to an IDA reserve fund. The income tax credit is 25% of the amount c...
Posted in: States, Kansas

Orange arrow Form K-34 - Kansas Business and Job Development Credit

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  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 fa...
Posted in: States, Kansas

Orange arrow Form K-64 - Kansas Business Machinery and Equipment Credit

1385 views
  K.S.A. 79-32,206 provides a tax credit against the income tax, privilege tax, and insurance company premiums tax for personal property taxes paid. The credit is 25% of the personal property taxes timely paid in the tax year. The property tax must have been timely paid during the tax year for which ...
Posted in: States, Kansas

Orange arrow Form K-57 - Kansas Small Employer Healthcare Credit

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  K.S.A. 40-2246 allows an income tax credit to those employers that make contributions to a health savings account of an eligible covered employee after 12/31/2004. The credit is $70 per month per eligible covered employee for the first 12 months of participation, $50 per month per eligible covered ...
Posted in: States, Kansas

Orange arrow Kansas Community Service Contribution Credit K60

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  The credit is either 50% of the total amount contributed during the taxable year, or 70% of the total amount contributed during the taxable year if the approved community service organization is located in a rural community as defined in the law. If the credit allowed exceeds the tax liability, the...
Posted in: States, Kansas

Orange arrow Kansas Plugging an Abandoned Gas or Oil Well Credit K-39

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  K.S.A. 79-32,207 provides for an income tax credit for taxpayers who make expenditures during the tax year to plug an abandoned oil or gas well on their land in accordance with the rules and regulations of the Kansas Corporation Commission (KCC). The credit is 50% of expenditures made during the ta...
Posted in: States, Kansas


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