Form K-37 - Disabled Access Credit

KANSAS

K-37

DISABLED ACCESS CREDIT

(Rev. 9/10)

For the taxable year beginning, _________________ , 20____ ; ending _________________ , 20____ .

Name of taxpayer (as shown on return)

Social Security Number or Employer ID Number (EIN)

If partner, shareholder or member, enter name of partnership, S corporation, LLC or LLP

Employer ID Number (EIN)

PART A – GENERAL INFORMATION

q

q

1. Are alterations in compliance with the Americans with Disabilities Act of 1990?

Yes

No

(If no, you do not qualify for this credit.)

2. Address of property altered _________________________________________________

_____________________________

Street Address

City

3. Date alterations were completed __ __ / __ __ / __ __ __ __ .

PART B – RESIDENCE

q

q

Personal residence

Residence of a lineal ancestor or offspring

4. This is a:

Qualified Year

Carry Fwd Year

Carry Fwd Year

Carry Fwd Year

5. Tax year .....................................................................................................

5

6.

Amount of expenditures incurred this tax year ...........................................

6

7.

Percentage of expenditures eligible for credit ............................................

7

8. Allowable expenditures (Multiply line 6 by line 7) ........................................

8

9a. Lesser of credit on line 8 or $9,000: ___________ . Multiply 9a by 90% ......

9b

10. Carry forward from prior year’s K-37 (line 18 from prior year X 90%) ........

10

11a. Tax liability for current year: ___________ . Multiply 11a by 90% ..............

11b

12. Credit used in this tax period (see instructions) ..........................................

12

13. Refundable portion of credit (see instructions) ..........................................

13

14. Allowable credit (if this is your 1st year, enter amount from line 9b; otherwise

enter amount from line 10; see instructions) ...............................................

14

25%

33%

50%

100%

15. Refundable percentage .............................................................................

15

16. Multiply line 14 by line 15 .............................................................................

16

17. Refund (subtract line 11b from line 16; cannot be less than zero) ...............

17

18. Carry forward (add lines 11a and 17; then subtract sum from line 9a) ........

18

PART C – BUSINESS

19a. Expenditures attributable to removal or equivalent facilitation of an existing architectural barrier ..........................................

$ __________________

q

q

19b. Have you made all or any portion of an existing facility accessible to individuals with a disability?

Yes

No

20a. Expenditures attributable to modification or adaptation of an existing facility in order to employ individuals with a disability

$ __________________

q

q

20b. Have you modified/adapted an existing facility or piece of equipment to employ individuals with a disability?

Yes

No

21.

Total costs incurred ..................................................................................................................................................................

$ __________________

22.

50% of expenditures ................................................................................................................................................................

$ __________________

Qualified Year

Carry Fwd Year Carry Fwd Year Carry Fwd Year Carry Fwd Year

23. Tax Year ...................................................................................... 23

24. Credit (line 22 or $10,000, whichever is less) ............................ 24

25. Proportionate share percentage .................................................. 25

26. Your share of credit .................................................................... 26

27. Carry forward ............................................................................. 27

28a. Total credit (add lines 26 & 27):_________ . Multiply 28a by 90% 28b

29a. Tax liability for this year: ____________. Multiply 29a X 90% .... 29b

30. Amount of credit this year (lesser of lines 28b or 29b) .............. 30

31. Carry forward (subtract line 29a from line 28a) ......................... 31

PART D – MODIFICATIONS TO FEDERAL TAXABLE INCOME

32. D

epreciation claimed on capitalized expenditures deducted on federal return ........................................................................

$ ___________________

33. Attributable expenses deducted on federal return ...................................................................................................................

$ ___________________

34. Total (must be added back in each subsequent year the entity files a Kansas return; see instructions) ................................

$ ___________________

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