Form Bt-50 - Business Trust Annual Report - 2005 Page 2
ADVERTISEMENT
1
2IMPORTANT INFORMATION
1. Submit copies of amendments not previously filed under K.S.A. 17-2033. Each amendment must be
accompanied by a fee of $35.
2. EXTENSIONS – The filing deadline may be extended by submitting an application for extension of the
Kansas or federal income tax return.
A copy of the extension should be sent via registered or certified mail
to ensure proper and timely delivery.
The request for extension must be filed within 90 days after the due
date of the annual report.
Please note: Financial calculations are not required to complete annual reports and pay franchise fee under the new
franchise fee law (see number 3 below). Filing an extension for the annual report and franchise fee may not be
necessary.
3. Franchise Tax/Fee Calculation
(a)
Tax Years Commencing
Before January 1, 2004. If the annual report is submitted for a tax
year commencing before January 1, 2004, the franchise tax is calculated using the formula below.
The minimum franchise tax is $40 and the maximum franchise tax is $5,000. Please round to the nearest
whole dollar.
Please add a $15 administrative fee. The total minimum payment is $55, and the maximum
payment is $5,015. Make checks payable to the Kansas Secretary of State.
Tax computation: (whichever is applicable)
(a) Domestic business trust
Corpus as shown in the balance sheet
$ ________________
(b) Foreign business trust
That portion of the corpus which is located or which
it uses or intends to use in Kansas as shown by the
balance sheet
$ ________________
Instructions
(c)
Tax due
$2.00 per $1,000.00 of corpus shown in (a) or
(b) above
$ ________________
(b)
Tax Years Commencing After
January 1, 2004. If the annual report is submitted for a tax year
commencing after January 1, 2004, the fee is $55.
After January 1, 2005, a new franchise tax is administered by the Kansas Department of
Revenue.
Contact the Kansas Department of Revenue at (785) 368-8222 or visit their Web site at
to determine if you owe the new tax.
4.
Enclose a check made payable to the Secretary of State with the annual report. Please do not send
cash. There is a $25 service fee for all returned checks.
5.
CORRECTED ANNUAL REPORT –
If incorrect information was provided on a previously filed annual
report, you may file a Corrected Document form (form COR). Complete the form and attach a complete
and correct Business Trust Annual Report form (form BT) and submit with a $55 filing fee.
Rev. 8/13/03 amc
K.S.A. 17-2036
2/2
Rev. 2/04/05 jls
K.S.A. 17-2036
2/2
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Legal